1316 NE 105th St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
1316 NE 105th St
8 Unit Apartment Building $4,424,742 CAD ($553,093 CAD/Unit) 5.20% Cap Rate Miami Shores, FL 33138
Investment Highlights
- Waterfront with new dock
- Strategic location right off of Biscayne Boulevard
- Spacious units
- Plentiful parking available
Executive Summary
Discover an exceptional opportunity to invest in an 8-unit waterfront apartment building nestled in Miami Shores Village. Situated in a prestigious A+ neighborhood, this property offers consistent rental income and promising long-term prospects.
Each of the eight units is equipped with modern amenities, including stainless-steel appliances, granite countertops, full kitchens, and a mix of travertine and hardwood flooring. The landscaping has been thoughtfully redesigned to minimize maintenance while preserving its charm.
Safety measures include hurricane shutters on all windows and impact-resistant doors throughout the property. Additionally, the subject property has undergone its 60-year recertification in 2023, ensuring compliance and longevity.
This property presents a promising opportunity to own a waterfront asset in a highly regarded Miami neighborhood, offering stability and potential for long-term growth.
Pro-forma Cap Rate is 6.45% (Pro-Forma NOI: $209,709). Please see attached OM for more detailed income information.
Each of the eight units is equipped with modern amenities, including stainless-steel appliances, granite countertops, full kitchens, and a mix of travertine and hardwood flooring. The landscaping has been thoughtfully redesigned to minimize maintenance while preserving its charm.
Safety measures include hurricane shutters on all windows and impact-resistant doors throughout the property. Additionally, the subject property has undergone its 60-year recertification in 2023, ensuring compliance and longevity.
This property presents a promising opportunity to own a waterfront asset in a highly regarded Miami neighborhood, offering stability and potential for long-term growth.
Pro-forma Cap Rate is 6.45% (Pro-Forma NOI: $209,709). Please see attached OM for more detailed income information.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$365,006
|
$37.47
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$137,326
|
$14.10
|
| Net Operating Income |
$227,680
|
$23.38
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $365,006 |
| Annual Per SF | $37.47 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $137,326 |
| Annual Per SF | $14.10 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $227,680 |
| Annual Per SF | $23.38 |
Property Facts
| Price | $4,424,742 CAD | Property Subtype | Apartment |
| Price Per Unit | $553,093 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Cap Rate | 5.20% | Building Size | 9,740 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2022 |
| Price | $4,424,742 CAD |
| Price Per Unit | $553,093 CAD |
| Sale Type | Investment |
| Cap Rate | 5.20% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.32 AC |
| Building Size | 9,740 SF |
| No. Stories | 2 |
| Year Built | 2022 |
Unit Amenities
- Air Conditioning
- Kitchen
Site Amenities
- Waterfront
- Wi-Fi
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | 900 - 1,250 |
| 2+2 | 2 | - | 1,600 |
| 2+1 | 1 | - | 1,540 |
1 of 1
PROPERTY TAXES
| Parcel Number | 11-2232-027-0150 | Improvements Assessment | $2,095,860 CAD (2024) |
| Land Assessment | $775,814 CAD (2024) | Total Assessment | $2,871,674 CAD (2024) |
PROPERTY TAXES
Parcel Number
11-2232-027-0150
Land Assessment
$775,814 CAD (2024)
Improvements Assessment
$2,095,860 CAD (2024)
Total Assessment
$2,871,674 CAD (2024)
zoning
| Zoning Code | A-1 (A-1) |
| A-1 (A-1) |
-
Sam Schwartz -
Max Loria -
STL Commercial
1 of 16
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
1316 NE 105th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.