12240 NE 5th Ave, North Miami, 33161

  • $1,900,000

Listing UP for Sale

North Miami

12240 NE 5th Ave, North Miami, 33161

North Miami

  • $1,900,000

Overview

Property ID: A11446202
  • Property Type
  • Quadruplex
  • 4479
  • sqft
  • 1951
  • Year Built

Description

Million-Dollar Neighborhood! Presenting an impeccable 8-unit multifamily apartment income property located in the vibrant City of North Miami, FL, in the heart of the Biscayne Park area. One of the unique features of this property is its value-add potential, as it has the right to build an additional up to 14 unit and add 6 units to the existing structure, plans available could significantly boost cash flow. Additionally, it has recently passed the 40-year certification, ensuring structural integrity. Many upgrades, including impact windows, have been carried out. Great opportunity SELLER FINANCE UP TO 30 %It is rented 25% below market value. Pro forma calculated by Miami Dade Housing 2024

  • Address 12240 NE 5th Ave
  • City North Miami
  • State/county Florida
  • Zip/Postal Code 33161
  • Area Miami-dade County

Details

Updated on April 19, 2024 at 8:00 pm
  • Property ID: A11446202
  • Price: $1,900,000
  • Property Size: 4479 sqft
  • Year Built: 1951
  • Property Type: Quadruplex
  • Property Status: Listing UP for Sale

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Nicolas Vicente
  • Nicolas Vicente