$2,475,000
0 Beds · 0 Baths · 4995 sqft
11 UNIT Commercial Multifamily garden apartment community in a pocket of unincorporated Miami-Dade, one block west of Biscayne Blvd between Miami Shores and North Miami. Single-story reinforced concrete, renovated in 2019, arranged around a central lawn. *UNIT MIX: 7x Studio, 4x 1BR* Each unit is separately metered for electric. Priced at $225,000 per door. That basis falls inside the band set by ten closed mainland trades since November 2025, including a 1948 fourplex one block away on NE 110th Terrace that sold for $223,750 per unit in May 2026. The pro forma applies market rents of $1,325 per studio and $1,835 per one-bedroom, figures well below the $2,244 submarket average asking rent, leaving room for growth on ordinary turnover. Pro forma figures are assumptions, not statements of current collections. Buyer to verify all information independently. This is a fantastic value-add opportunity if you manage your own rentals, are looking to level up from single family homes, or looking to get placed into the right area with strong future appreciation potential. Elevated site above grade, you have to see for yourself! We can help with commercial multifamily debt options as well through our network of CRE lenders. Reach out today for more information!
Bedrooms
0
Bathrooms
0
Living Area
4995 sqft
Stories
1
Heating
Window/Wall
Cooling
Wall/Window Unit(s)
Style
Attached, Detached
Roof
Shingle
Property Type
Quadruplex
MLS#
550519950
Year Built
1947
Area
Biscayne Shores
Days on Market
0
Monthly Payment
$15,341/mo
Listing courtesy of Keller Williams Legacy
Listing information is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Data last updated 8/14/2026. Listing provided courtesy of the Miami Association of REALTORS® MLS. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the MIAMI Association of REALTORS®.


