11002 NE 10th Ave

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11002 NE 10th Ave

Biscayne Park, FL 33161
Asking Price
$749K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located at 11002 NE 10th Ave
  • Priced for acquisition at a total of 749000 dollars
  • Situated within the residential submarket of Biscayne Park Florida
  • Well-positioned to capture rental demand in Miami-Dade County
  • Suitable investment for long-term residential asset portfolio growth

What's Special

Investors seeking an income-generating multifamily asset will find this apartment building in Biscayne Park a practical addition to a residential portfolio. Located at 11002 NE 10th Ave, the property sits within a well-established community in the Miami metropolitan area, providing access to regional employment hubs and major transportation corridors. The local market benefits from consistent rental demand driven by professionals and families residing in the northern Miami-Dade region. This asset is well-suited for long-term hold strategies or repositioning efforts aimed at enhancing rental performance within the neighborhood. Given the density and proximity to key urban amenities, the building serves as a reliable residential option for tenants looking for stability in this growing suburban market. The property structure facilitates straightforward management, making it a viable target for private investors focused on smaller-scale multifamily holdings in a central Florida location.

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NOI
$80,000
Cap Rate
10.68%
DSCR
1.80
Strong
Cash-on-Cash
15.81%
Monthly Payment
$3,705.643
Annual Cash Flow
$35,532.28

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