1286 109Th StMiami, FL 33161

Property Details for 1286 109Th St

Year built

1952

Property size (Sq ft)

2,053 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional triplex, located at 1286 NE 109th St, Miami, FL 33161, presents a lucrative investment opportunity in a highly desirable Miami neighborhood. The property, built in 1952, boasts a total of 2,053 square feet and comprises three units across a single story. Two units are two-bedroom, two-bathroom apartments, currently generating significant rental income, exceeding $51,000 in net earnings for 2024 (excluding owner occupancy in July, November, and December). These units are fully furnished and ideally suited for short-term rentals. The third unit is a one-bedroom, one-bathroom apartment with a long-term tenant paying $1,700 per month. The property is conveniently located minutes from the MIMO district, Design District, Miami Shores, and Downtown Miami, and only four miles from Bal Harbor and Surfside. All units have undergone complete renovations, making this a truly turnkey investment. This property is perfect for first-time investors or those looking to expand their portfolio. The asking price is $975,000.

Location Insight

City

Miami

County

Miami-Dade

State

Florida

Latitude

25.8755

Longitude

-80.1718

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