3-Unit Updated
New
For Sale
$700,000
923 NW 110th Street, Miami, FL 33168
Three two-bedroom residences feature updated interiors and share a landscaped outdoor common area.
Property Size1,600 SF
Days on Market5
Property Features for 923 NW 110th Street
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Duplex
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$7,034
Amenities
updated appliances
porcelain tile flooring
recessed lighting
impact windows and doors
updated central A/C
washer and dryer
tankless water heater
updated roof
outdoor common area
ample parking
gated fencing
artificial turf
professionally maintained landscaping
mature trees with exterior lighting
pergola
sprinkler system
Building Details
Building Size
1,600 SF
Year Built
1935
Listing Agency:
AMEC Realty & Investment
Listed By:
Clifford James Harris · License #3423954
(786) 402-4158
Source:
Silverleafrealtygroup
Added: Oct 5
Changed: Oct 8
Last Checked: Oct 7 at 2:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of AMEC Realty & Investment
Investment Insights
Based on property information with market context.
This triplex contains three 2-bedroom, 1-bathroom units within 1,600 square feet. Interior improvements include porcelain tile flooring, recessed lighting, impact-rated windows and doors, updated appliances, and central A/C. The property also has a washer and dryer, tankless water heater, and updated roof. Built in 1935, it is identified with zoning code 5700.
A gated, shared outdoor area includes parking, artificial turf, mature trees, exterior lighting, a pergola, landscaped grounds, and a sprinkler system. Grocery stores, restaurants, and a major highway are described as being within minutes of the property, at 923 NW 110th Street in Miami.
A gated, shared outdoor area includes parking, artificial turf, mature trees, exterior lighting, a pergola, landscaped grounds, and a sprinkler system. Grocery stores, restaurants, and a major highway are described as being within minutes of the property, at 923 NW 110th Street in Miami.
Key Highlights
- Three units, each with 2 bedrooms and 1 bathroom
- 1,600 square feet; built in 1935
- Updated appliances, porcelain tile floors, recessed lighting, impact windows and doors, and central A/C
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,089
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,780
$641.8K
Cap Rate 7%
$458,414
$458.4K
Cap Rate 9%
$356,544
$356.5K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$49.0K $30.60/SF
− Vacancy
−$3.1K −$1.95/SF
EGI
$45.8K $28.65/SF
− OpEx
−$13.8K −$8.60/SF
NOI
$32.1K $20.06/SF
Area
Miami, FL
Vacancy
6.37%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,780
Cap Rate 7%
$458,414
Cap Rate 9%
$356,544
Alternative Uses
Best Use
Multifamily LT 5
$458.4K
$401.1K – $534.8K
NOI $32,089 @ 7.0% cap · market cap 4.58%
Second Best
Apartment 5plus
$422.2K
$369.5K – $492.6K
NOI $29,557 @ 7.0% cap · market cap 4.22%
Theoretical Best
Specialty Retail
$1.08M
$945.0K – $1.26M
NOI $75,601 @ 7.0% cap · market cap 10.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,050
Businesses Nearby
Explore this area
Business Placement
Demographics for 33168, FL
24,715
Population
6,761
Households
3.7
Avg Household Size
39
Median Age
16%
College-Educated
79%
High-School Grad
3.6 sq mi
ZIP Area
6,865
Density / Sq Mi
$58,636
Median Household Income
$31,984
Median Earnings
$1,576
Median Rent
$329,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Three two-bedroom residences feature updated interiors and share a landscaped outdoor common area.
Where is this triplex located?
The property is located at 923 NW 110th Street Miami, FL.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Three units, each with 2 bedrooms and 1 bathroom; 1,600 square feet; built in 1935; Updated appliances, porcelain tile floors, recessed lighting, impact windows and doors, and central A/C
