$1,300,000
$1,390,000
6.5%For more information regarding the value of a property, please contact us for a free consultation.
12240 NE 5th Ave North Miami, FL 33161
4,479 SqFt
Key Details
Sold Price $1,300,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,479 sqft
Price per Sqft $290
Subdivision Biscayne Park Estates
MLS Listing ID A11135514
Sold Date 04/12/22
Style Fourplex
Construction Status Resale
HOA Y/N No
Year Built 1951
Annual Tax Amount $12,254
Tax Year 2001
Contingent No Contingencies
Property Description
Potential 6% cash-flow (“cap rate”) with this 8-unit multifamily apartment income property in the City of North Miami, FL. Well maintained, renovated, & managed over the past five years. Walking distance to neighborhood cafes, shopping & services on NE 125th Street/Downtown City of North Miami. Conveniently located between Aventura, Biscayne Park & Miami Shores and minutes to the Beaches. Zoned R-5 with a wide range of potential uses including multifamily medium density, childcare centers, adult daycare/living facilities, hospitals, nursing, & convalescent homes. See attached Zoning Information & Survey & Plans for the potential addition of more units on the existing property. See attached financial and proforma summaries. Being sold AS-IS/WHERE-IS.
Location
State FL
County Miami-dade County
Community Biscayne Park Estates
Area 22
Direction Text/message agent for showings via video tours of a selection of the units. Due to Covid, appointments for internal viewing during inspections & after accepted contract. Property fully leased. Do not disturb nor discuss sale with tenants.
Interior
Heating Other
Cooling Ceiling Fan(s), Wall/Window Unit(s)
Flooring Ceramic Tile
Exterior
Pool None
Utilities Available Cable Not Available
Waterfront No
Roof Type Shingle,Tar/Gravel
Total Parking Spaces 10
Building
Lot Description < 1/4 Acre
Story 1
Sewer Septic Tank
Architectural Style Fourplex
Level or Stories One
Structure Type Block
Construction Status Resale
Others
Tax ID 06-22-30-031-0250
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Listed As-Is
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Bought with City Group Consulting, LLC