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    3121 103Rd St Miami, FL 33147

    For Sale
    $680,000

    Income Property - Updated, High Returns

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 1-story, 1965-built apartment building in Miami, Florida, presents a compelling investment opportunity for both seasoned investors and first-time homeowners seeking supplemental income. Located at 3121 NW 103rd St, Miami, FL 33147, in Miami-Dade County, this multifamily property, categorized as an apartment building/duplex/triplex/quadruplex, is offered at $680,000. The property boasts significant recent upgrades, including a new roof, a new air conditioning system, and newly installed shutters on all windows, enhancing both curb appeal and energy efficiency. A new water tank and septic well ensure reliable functionality. Ample parking is available with a spacious driveway accommodating numerous vehicles. Currently generating a substantial monthly income of $8,750, this property offers immediate cash flow and strong potential for future appreciation. The property's prime location in Miami adds to its investment appeal. This is a turnkey opportunity to acquire a well-maintained, income-producing asset in a thriving market. Don't miss this chance to secure a valuable addition to your investment portfolio or establish a profitable rental income stream. The property's solid construction and recent renovations promise a low-maintenance, high-return investment.

    Property Features for 3121 103Rd St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1965
    Stories
    1

    HighLights

    • $680,000 asking price.
    • Multifamily property, specifically an apartment building (duplex/triplex/quadruplex).
    • Built in 1965, one‑story building.
    • Located at 3121 NW 103rd St, Miami, FL 33147, in Miami‑Dade County.
    • Features a new roof, A/C, window shutters, water tank, and septic system.
    • Offers ample driveway parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2497738
    Latitude
    25.8681748

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    FAQs

    What type of property is this?
    Multifamily property - Income Property - Updated, High Returns
    Where is this multifamily property located?
    The property is located at 3121 103Rd St Miami, FL.
    What is the asking price?
    The asking price for this property is $680,000.
    What are key features of this property?
    This property features: $680,000 asking price.; Multifamily property, specifically an apartment building (duplex/triplex/quadruplex).; Built in 1965, one-story building.
    Request Owner's contact information
    3121 103Rd St Miami, FL 33147
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    Miami, FL 33147
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3121 103Rd St Miami, FL 33147
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