1316 105 St Miami Shores, FL 33138
- Commercial real estate
- 9,740 SF
Current Use by Public Records
- Commercial real estate
Property Details for 1316 105 St
- Property size
- 9,740 SF
- Property type
- Commercial real estate
- APN
- 11-2232-027-0150
Description
This exceptional 8-unit apartment building in Miami Shores, Florida, presents a compelling investment opportunity. Boasting 9,740 square feet on a 13,750 square foot lot (APN: 11-2232-027-0150), this two-story Class B property offers a current NOI of $162,086 and a pro-forma NOI of $209,709, translating to a 5.15% cap rate and a pro-forma cap rate of 6.66%. The asking price is $3,150,000, resulting in a price per square foot of $323.41. Each of the eight units features modern amenities including stainless steel appliances, granite countertops, full kitchens, and a mix of travertine and hardwood flooring. The property benefits from ample parking and a recently redesigned landscape for low maintenance. Safety features include hurricane shutters and impact-resistant doors. Situated in a desirable A-1 zoned location just off Biscayne Boulevard, this renovated building underwent its 60-year recertification in 2023, ensuring long-term compliance. This waterfront property offers consistent rental income and significant potential for future growth in a prestigious Miami Shores neighborhood. The property's prime location and updated features make it an attractive investment for discerning buyers seeking a stable and high-return asset.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami Shores
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.1705709
- Latitude
- 25.8717915
