Property 1239 NE 110th Street, Miami, FL 33161 for sale with MLS# A12067670
Eleven-unit garden apartment community in unincorporated Miami-Dade County, one block west of Biscayne Boulevard between Miami Shores and North Miami. Single-story reinforced concrete, built in 1947, renovated in 1997 and 2019, arranged around a central lawn with eleven surface parking spaces. Seven studios and four one-bedrooms. Ten units are occupied; the eleventh is ready for immediate lease. Each unit is separately metered for electric, and roofing, windows, and mechanical systems can be inspected and priced without opening walls.Priced at $2,475,000, or $225,000 per unit. 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.Three institutional projects totaling 948 units are under construction within roughly a mile, delivering at rents this property does not compete with. The workforce demand those projects create operates in this price band. A full offering memorandum with comparable sale detail, the itemized expense build, and submarket documentation has been prepared for this offering.
1239 NE 110th Street, Miami, FL 33161
- Price:
- $2,475,000.00
- Original List Price:
- $2,475,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $495.49
- Listing Type:
- For Sale
- Status:
- Active
- Listing Category:
- Commercial Sale
- Property Type:
- Multi Family
- Description of Last Important Update:
- New Listing
- Last Major Update on:
- August 6, 2026 4:00 am
- Other Special Conditions:
- Corporate Owned
- Built-Up Area:
- 4,995 Sqft
- Lot Size Acres:
- 0.39
- Year Built:
- 1947
- Roof:
- Shingle
- Number of Buildings:
- 5
- Number of Units Total:
- 1
- Construction Materials:
- CBS
- Flood Zone Code:
- AE,X
- Senior Community:
- No
- Listing Terms Considered by Seller:
- Cash, Conventional
- Buyer Possession:
- Negotiable, Subject To Tenant Rights
- Tax Legal Description:
- 32 52 42 BISC SHORES CORR PL PB 23-52 LOTS 18-19 & 20 LESS W14FT OF LOT 18 BLK 3 LOT SIZE 17000 SQ FT M/L
- Real Estate Folio Number (Parcel Number):
- 3022320100411
- Zoning:
- 3700
- Active on the market since:
- August 6, 2026
- Listing Agreement executed on:
- August 6, 2026
- Listing Status Last Changed On:
- August 6, 2026 4:00 am
- Photos updated on:
- August 14, 2026 1:48 pm
- Last Modified:
- August 14, 2026 2:52 pm
- Courtesy of:
- Keller Williams Legacy
- Attribution:
- Not provided
- Street Name:
- 110th
- Street Number:
- 1239
- City:
- Miami
- State:
- Florida
- Zip Code:
- 33161
- County:
- Miami-Dade
- Latitude:
- N25° 52' 36.4''
- Longitude:
- W81° 49' 37.1''
- Street Suffix:
- Street
- Street Direction Prefix:
- NE
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Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Air Quality
Source: AirNow.gov · Miami
Ver la propiedad 1239 NE 110th Street, Miami, FL 33161
