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Property profile & analytics
OFF-MARKET
Small apartment buildings

861 119Th St Biscayne Park, FL 33161

Built 1948
Property ID
US18-1496270
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Small apartment buildings
Year built 1948
UPID US18-1496270
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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