7% CAP RATE~ LEGAL TRIPLEX ~AIRBNB | 1236 NE 109th St
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7% CAP RATE~ LEGAL TRIPLEX ~AIRBNB 1236 NE 109th St
3 Unit Apartment Building $890,000 ($296,667/Unit) Miami, FL 33161
Investment Highlights
- ATTENTION INVESTORS! The wait for Airbnb enthusiasts is over.
- Unit Two also offers a generous 2-bedroom, 2-bathroom configuration, while Unit Three features a studio setup.
- With a new roof and upgrades, it includes a studio RV hook-up at the rear of the property, four parking spots in the front, and a backyard yard space
- Unit One boasts a spacious 2-bed, 2-bath layout with in-unit laundry, a private master bathroom, and shower.
- Conveniently located just 15 minutes from Bal Harbor and beaches, this income-generating triplex offers a 6.5% cap rate.
- The property is strategically situated near golf courses, major highways, shopping, and Biscayne Blvd. Close to Bal Harbour & Aventura Malls, Wynwood,
Executive Summary
ATTENTION INVESTORS! The wait for Airbnb enthusiasts is over. Unit One boasts a spacious 2-bed, 2-bath layout with in-unit laundry, a private master bathroom, and shower. Unit Two also offers a generous 2-bedroom, 2-bathroom configuration, while Unit Three features a studio setup. Conveniently located just 15 minutes from Bal Harbor and beaches, this income-generating triplex offers a 6.5% cap rate. With a new roof and upgrades, it includes a studio RV hook-up at the rear of the property, four parking spots in the front, and a backyard yard space for guest entertainment and relaxation. The property is strategically situated near golf courses, major highways, shopping, and Biscayne Blvd. Close to Bal Harbour & Aventura Malls, Wynwood, Design District, Miami Shores and 15 mins to the beach!
Property Facts
| Price | $890,000 | Building Class | C |
| Price Per Unit | $296,667 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 2,746 SF |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1952 |
| Property Subtype | Apartment | Parking Ratio | 1.46/1,000 SF |
| Price | $890,000 |
| Price Per Unit | $296,667 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 2,746 SF |
| No. Stories | 1 |
| Year Built | 1952 |
| Parking Ratio | 1.46/1,000 SF |
Unit Amenities
- Cable Ready
- Microwave
- Ceiling Fans
- Granite Countertops
- Refrigerator
- Range
- Dining Room
- Window Coverings
Site Amenities
- Fenced Lot
- Laundry Facilities
- Wi-Fi
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $2,677 | - |
| 2+2 | 2 | $3,526 | - |
PROPERTY TAXES
| Parcel Number | 30-2232-006-0740 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $349,688 |
PROPERTY TAXES
Parcel Number
30-2232-006-0740
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$349,688
zoning
| Zoning Code | RU-3M |
| RU-3M |
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7% CAP RATE~ LEGAL TRIPLEX ~AIRBNB | 1236 NE 109th St
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