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    1064 103Rd St Miami, FL 33150

    For Sale
    $625,000

    Three-unit apartment building, updated, high income potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional three-unit apartment building in Miami, Florida, presents a compelling investment opportunity. Located at 1064 NW 103rd St, Miami, FL 33150, this property boasts a desirable location within Miami-Dade County. Constructed in 1949, the building comprises three units, configured as a duplex with an attached efficiency unit, maximizing rental income potential. A complete renovation in 2018 included new kitchens featuring granite countertops and updated flooring throughout. Further enhancing its value, the property received a brand-new roof installation in 2021. Currently, all three units are leased, with tenants consistently paying rent on time. While current rental rates are slightly below market value, this presents an immediate opportunity to increase profitability. The asking price for this income-producing property is $625,000. Serious inquiries only; proof of funds and lender information are required with all offers. Appointments are necessary for showings due to tenant occupancy.

    Property Features for 1064 103Rd St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1949
    Units
    3

    HighLights

    • $625,000 asking price.
    • Three‑unit multifamily apartment building (duplex with attached efficiency).
    • Built in 1949.
    • Completely renovated kitchens with granite countertops and new flooring in 2018.
    • New roof installed in 2021.
    • All units currently leased, below market rent.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -80.2153628
    Latitude
    25.8686557

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    FAQs

    What type of property is this?
    Multifamily property - Three-unit apartment building, updated, high income potential.
    Where is this multifamily property located?
    The property is located at 1064 103Rd St Miami, FL.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: $625,000 asking price.; Three-unit multifamily apartment building (duplex with attached efficiency).; Built in 1949.
    Request Owner's contact information
    1064 103Rd St Miami, FL 33150
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    Miami, FL 33150
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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
    1064 103Rd St Miami, FL 33150
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