112 11Th Ave Miami, FL 33130
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 112 11Th Ave
- Property type
- Commercial real estate
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.2131618
- Latitude
- 25.7722908
