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    112 11Th Ave Miami, FL 33130

    Sponsored
    For Sale
    $1,615,000

    Fourplex, fully renovated, high demand.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This fully renovated fourplex in Miami's vibrant Little Havana neighborhood presents a compelling investment opportunity. The property comprises four two-bedroom, one-bathroom apartments, each boasting new flooring, kitchens, bathrooms, electrical service, impact windows, and doors. A new roof has also been installed. Each unit includes parking, a highly desirable feature in this location. Currently, three units are rented on an annual basis, while one operates as an Airbnb, generating a consistent income stream. A property management company is already in place, simplifying operations. Situated conveniently off SW 1st Street, the property offers easy access to Downtown Miami and Brickell Avenue, within a five-minute drive. The favorable T6-0 zoning allows for flexibility in future development. The 5,000 square foot lot accommodates four parking spaces. The asking price is $1,615,000, representing a price per unit of $403,750. This stabilized investment, with its upgraded features, desirable floor plan, and prime location, is poised to attract tenants and deliver a strong return on investment, whether utilized for long-term or short-term rentals. The property is located at 112 SW 11th Avenue, Miami, FL 33130.

    Property Features for 112 11Th Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Renovated
    1
    Units
    4

    HighLights

    • Fully renovated fourplex in Little Havana, Miami.
    • Four 2‑bed/1‑bath units with new kitchens, baths, flooring, impact windows/doors, and a new roof.
    • Each unit includes parking; three are annually rented, one is an Airbnb.
    • Property management company in place; located near Downtown Miami and Brickell.
    • 5,000 sq ft lot, T6‑0 zoning; asking price $1,615,000 ($403,750 per unit).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2131618
    Latitude
    25.7722908

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    FAQs

    What type of property is this?
    Multifamily property - Fourplex, fully renovated, high demand.
    Where is this multifamily property located?
    The property is located at 112 11Th Ave Miami, FL.
    What is the asking price?
    The asking price for this property is $1,615,000.
    What are key features of this property?
    This property features: Fully renovated fourplex in Little Havana, Miami.; Four 2-bed/1-bath units with new kitchens, baths, flooring, impact windows/doors, and a new roof.; Each unit includes parking; three are annually rented, one is an Airbnb.
    Request Owner's contact information
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    Miami, FL 33130
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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
    112 11Th Ave Miami, FL 33130
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