1102 103Rd St, Miami, FL 33150

2,195 SF Built 1945

Property ID

US18-1600302

$738,888 2,195 SF

1102 103Rd St, Miami, FL 33150
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This exceptional Class A, 3-unit apartment building presents a compelling investment opportunity in Miami's desirable Pinewood neighborhood. Boasting a substantial 7,650 square foot lot, the single-story, 2,195 square foot building underwent a complete renovation in 2023, resulting in a stunning property with modern finishes throughout. Each of the three units offers spacious living areas, updated kitchens equipped with stainless steel appliances, and stylish bathrooms. Currently operating at 100% occupancy, this stabilized investment property generates a strong net operating income (NOI) of $57,720, translating to an attractive 8.00% capitalization rate. The building, constructed in 1945, benefits from its recent comprehensive renovation, ensuring long-term value and minimal maintenance needs. The property's location provides convenient access to a variety of amenities and the city center, further enhancing its appeal to both tenants and investors. With a current gross monthly income of $7,400, this triplex offers a reliable and lucrative income stream, making it an ideal addition to any investment portfolio. The asking price is $849,000. This is a rare opportunity to acquire a high-performing multifamily property in a thriving Miami location.