1239 110th St , for Sale & Rent

1239 110th St for Sale & Rent

Price $2,475,000.00

• Lot size 17000
• Year Build 1947
• Waterfront
• Zip 33161
• Style
• Parking Description
• Pool Yes
• Status Active

Description

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.

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

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.

City:Miami,Zoning:3700,List A O R:A-Miami Association of REALTORS,Stories:1,Latitude:25.8767799,List Price:2475000,Listing Id:A12067670,Longitude:-80.1729237,Mls Status:Active,Year Built:1947,Inclusions:Building & Land,Possession:1:Rental Agreement,Postal Code:33161,Street Name:110th St,Coordinates:1:25.8767799,Photos Count:14,Business Type:1:Residential-Multi-Family,Days On Market:8,Listing Terms:1:Conventional/Refinance,Lot Size Units:Square Feet,M I A M I R E_ Area:22,On Market Date:2026-08-06,Parcel Number:30-22-32-010-0411,Property Type:Commercial Sale,Stories Total:1,Street Number:1239,Public Remarks: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.,County Or Parish:Miami-Dade County,Expiration Date:2028-09-01,List Office Name:Keller Williams Legacy,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:7611,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:NE,Unparsed Address:1239 NE 110th St, Miami FL 33161,Listing Agreement:Exclusive Agency,Building Area Total:4995,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lot Size Square Feet:17000,M I A M I R E_ Flood Zone:AE,X,M I A M I R E_ For Sale Y N:1,M I A M I R E_ Num Meters:11,Number Of Buildings:5,Original List Price:2475000,Public Survey Range:22,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,M I A M I R E_ Num Tenants:11,Syndication Remarks: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.,Listing Contract Date:2026-08-06,Originating System I D:miamire,Public Survey Section:32,Showing Instructions:Appointment Only,Call Listing Agent,See Broker Remarks,Street Number Numeric:1239,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,M I A M I R E_ Current Price:2475000,Public Survey Township:22,M I A M I R E_ Municipal Code:30,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Internet Remarks:11-unit garden apartment community near Biscayne Blvd. Concrete construction, 10 of 11 occupied. Value-Add Opportunity.,M I A M I R E_ Parcel Number M L X:0411,M I A M I R E_ Showing Time Flag:1,M I A M I R E_ Street View Param:1$25.876574019444536$-80.17292085884505$334.86$-0.59$1.00$,Contract Status Change Date:2026-08-06,Internet Address Display Y N:1,Number Of Units In Community:11,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:With Written Broker Approval,M I A M I R E_ Subdivision Number:10,M I A M I R E_ Agent Alternate Phone:954-702-6710,M I A M I R E_ Occupancy Percentage:91,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:1239 NE 110th St,Internet Automated Valuation Display Y N:1,