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$2,475,000
Explore the area: Miami homes for sale · Miami Dade County real estate
$13,007 /mo
Principal and interest only, based on $495,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateEleven-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.
Virtual TourAbout the Area
Browse Miami homes for sale across every neighborhood and price point in Miami-Dade. Available homes span single-family, townhome, and condo segments throughout the city. Miami includes gated golf communities, 55+ active adult neighborhoods, waterfront estates, and newer master-planned subdivisions. HOA fees vary by community type, from modest maintenance fees in non-gated subdivisions to higher dues in full-amenity country clubs. The city sits within Miami-Dade, offering access to South Florida beaches, major employment centers, and healthcare hubs. For current Miami-Dade market data, see Florida Realtors' monthly statistics. Browse the latest Miami listings below. Then connect with a Pure Equity Realty agent to schedule a private showing.
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Listing courtesy of Keller Williams Legacy
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity Realty. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated August 30, 2026.
$2,475,000
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Listed by Kevin Kohler, Keller Williams Legacy
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