861 119Th St Biscayne Park, FL 33161
This stunning, fully turnkey two-unit apartment building, built in 1948, presents a unique investment opportunity in the tranquil Biscayne Park neighborhood of Miami-Dade County, Florida. Located at 861 NE 119th St, zip code 33161, this single-story property offers two units, perfect for generating passive income, converting to a single-family home, or utilizing for short-term or long-term rentals. The property boasts an open-concept living space with hardwood floors and high ceilings, creating a blend of modern luxury and classic elegance. The split corner bedrooms provide ample natural light and privacy, ideal for families or guests. Residents will appreciate the convenient location, just minutes from Biscayne Boulevard, offering easy access to a variety of dining, shopping, and A-rated schools, as well as the beautiful beaches. Parking is available for up to four vehicles. Showings are available by appointment only due to current occupancy. The asking price for this exceptional property is $895,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.