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Miami Duplex |8.3% Pro Forma Cap|Prime Rental 210 NE 110th St 2 Unit Apartment Building $929,408 CAD ($464,704 CAD/Unit) 5.36% Cap Rate Miami, FL 33161
Investment Highlights
- Legal duplex – two side-by-side units that feel like individual homes
- Ideal for investors or house hackers
- Fenced property with two pergolas and mature trees
Executive Summary
HIGH-YIELD DUPLEX | NEW 2024 ROOF |
Executive Summary: Strategically located in the high-demand North Miami (33161) submarket, this fully remodeled duplex offers a turnkey opportunity for an investor seeking immediate cash flow and long-term appreciation. The property features a Brand New 2024 Permitted Roof, providing the owner with significant insurance savings and zero deferred maintenance for years to come.
Financial Highlights:
Pro-Forma Monthly Income: $4,100 ($2,550 + $1,750)
Net Operating Income (NOI): $41,200
Cap Rate: 5.36%
Gross Yield: 7.6%
Property Layout & Amenities:
Unit A (2/1): Features premium flooring, updated kitchen, and a private gated yard with a custom pergola. Estimated Rent: $2,550.
Unit B (1/1): Fully independent unit with private entrance and its own gated yard/pergola. Estimated Rent: $1,750.
Separated Outdoor Living: Unlike standard duplexes, this property offers distinct private outdoor spaces for each unit, allowing for premium rental rates and high tenant retention.
Investment Strategy:
The "House Hack" Candidate: Perfect for FHA/VA buyers who wish to live in one unit while the other unit pays for the majority of the mortgage. The new roof makes it easily financeable with all loan types.
Strategic Growth Area: Situated in a pocket of North Miami that is seeing rapid gentrification and rental rate increases. Located minutes from Barry University, Biscayne Blvd, and Miami Shores.
Low Operational Risk: Modernized systems and a 2024 roof de-risk the investment from a CapEx perspective.
Executive Summary: Strategically located in the high-demand North Miami (33161) submarket, this fully remodeled duplex offers a turnkey opportunity for an investor seeking immediate cash flow and long-term appreciation. The property features a Brand New 2024 Permitted Roof, providing the owner with significant insurance savings and zero deferred maintenance for years to come.
Financial Highlights:
Pro-Forma Monthly Income: $4,100 ($2,550 + $1,750)
Net Operating Income (NOI): $41,200
Cap Rate: 5.36%
Gross Yield: 7.6%
Property Layout & Amenities:
Unit A (2/1): Features premium flooring, updated kitchen, and a private gated yard with a custom pergola. Estimated Rent: $2,550.
Unit B (1/1): Fully independent unit with private entrance and its own gated yard/pergola. Estimated Rent: $1,750.
Separated Outdoor Living: Unlike standard duplexes, this property offers distinct private outdoor spaces for each unit, allowing for premium rental rates and high tenant retention.
Investment Strategy:
The "House Hack" Candidate: Perfect for FHA/VA buyers who wish to live in one unit while the other unit pays for the majority of the mortgage. The new roof makes it easily financeable with all loan types.
Strategic Growth Area: Situated in a pocket of North Miami that is seeing rapid gentrification and rental rate increases. Located minutes from Barry University, Biscayne Blvd, and Miami Shores.
Low Operational Risk: Modernized systems and a 2024 roof de-risk the investment from a CapEx perspective.
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Microwave
- Washer/Dryer
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Garden
- Lawn
- Patio
Site Amenities
- 24 Hour Access
- Courtyard
- Fenced Lot
- Gated
- Private Bathroom
- Fiber Optic Internet
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $2,395 CAD | 442 - 443 |
| 2+1 | 1 | $3,490 CAD | 756 |
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Property Taxes
| Parcel Number | 30-2231-032-0151 | Total Assessment | $392,891 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $0 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
30-2231-032-0151
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$392,891 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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Presented by
Kamany Realty
Miami Duplex |8.3% Pro Forma Cap|Prime Rental | 210 NE 110th St
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