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    11440 Lincoln Blvd Miami, FL 33176

    For Sale
    $3,900,000

    12-Unit Apartment Complex, High ROI Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 12-unit apartment complex presents a compelling investment opportunity in Miami, Florida. Located at 11440 Lincoln Blvd, in Miami-Dade County, zip code 33176, this property consists of six duplexes situated on a generous 1.5-acre lot. Built in 1958, the single-story building offers twelve spacious units, each featuring two bedrooms and one bathroom. The property's prime location and substantial size make it an ideal investment for generating significant rental income. The asking price for this multifamily property is $3,900,000. This represents a rare chance to acquire a well-established rental portfolio in a thriving Miami neighborhood. The property's size and unit configuration offer both immediate income potential and long-term appreciation prospects. The existing units provide comfortable living spaces, appealing to a wide range of tenants. The expansive 1.5-acre lot offers potential for future development or expansion, further enhancing the investment's value. This is a turnkey investment ready to generate immediate returns. Detailed financial information is available upon request. Don't miss this opportunity to acquire a significant multifamily asset in a high-demand market.

    Property Features for 11440 Lincoln Blvd

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1958
    Stories
    1

    HighLights

    • $3,900,000 asking price.
    • Multifamily apartment building, specifically a six‑duplex complex (12 units total).
    • 1958 construction.
    • One‑story building.
    • Located at 11440 Lincoln Blvd, Miami, FL 33176.
    • Each unit features two bedrooms and one bathroom.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.3793038
    Latitude
    25.6343162

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    FAQs

    What type of property is this?
    Multifamily property - 12-Unit Apartment Complex, High ROI Potential
    Where is this multifamily property located?
    The property is located at 11440 Lincoln Blvd Miami, FL.
    What is the asking price?
    The asking price for this property is $3,900,000.
    What are key features of this property?
    This property features: $3,900,000 asking price.; Multifamily apartment building, specifically a six-duplex complex (12 units total).; 1958 construction.
    Request Owner's contact information
    11440 Lincoln Blvd Miami, FL 33176
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    Miami, FL 33176
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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
    11440 Lincoln Blvd Miami, FL 33176
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