1090 NW 112th St 2 Unit Apartment Building Offered at $991,361 CAD Miami, FL 33168

Value-add corner duplex located in a high-demand central Miami submarket, offering immediate in-place income with clear upside through rental optimization. The property consists of a well-balanced unit mix featuring one 2-bedroom, 1-bath unit and one 2-bedroom, 1-bath unit plus den, totaling approximately 1,590 interior square feet. Current in-place rents are $1,800 per month for the 2/1 unit and $1,950 per month for the 2/1 plus den, both operating on month-to-month leases, providing flexibility for rent increases, lease restructuring, or repositioning to market rates. The asset has benefited from meaningful capital improvements that reduce near-term CapEx exposure, including upgraded electrical panels, independent utility meters, updated plumbing, and improved exterior drainage serving the three-bedroom configuration. Both units feature updated kitchens and bathrooms, supporting tenant retention and future rent growth. The roof was replaced in 2016, and the central HVAC system was installed in 2017, strengthening the property’s mechanical profile and long-term operational stability. A six-foot iron fence encloses the property, enhancing privacy, security, and curb appeal, while the oversized backyard offers additional value and optionality, including potential boat or RV storage, subject to local regulations. Strategically positioned near Barry University, Miami Shores, I-95, and major retail corridors, the property benefits from consistent tenant demand driven by proximity to employment centers, education hubs, and transportation access. This offering presents an attractive opportunity for investors seeking a low-maintenance, income-producing asset with near-term rent upside and long-term appreciation potential, as well as owner-occupants looking to subsidize mortgage payments through rental income. Property is occupied; please do not disturb tenants.