Eric Miller
Cell: 954-383-8170
12240 Ne 5th Ave, North Miami
$1,900,000
0 Bed
0 Bath
4,479 Sqft
0 Acre
0 Garage
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
Essential Information
MLS® #A11446202
Price$1,900,000
Bathrooms0.00
Square Footage4,479
Acres0.00
Year Built1951
TypeResidential Income
Sub-TypeQuadruplex
StyleFourplex
StatusActive Under Contract
Community Information
Address12240 Ne 5th Ave
Area22
SubdivisionBISCAYNE PARK ESTATES
CityNorth Miami
CountyMiami-Dade County
StateFL
Zip Code33161-5444
Amenities
UtilitiesCable Not Available
FeaturesLaundry Facilities
Interior
InteriorCeramic Tile, Tile
HeatingOther
CoolingOther
# of Stories1
StoriesOne
Exterior
Exterior FeaturesPatio, Barbecue
WindowsImpact Glass
RoofShingle, Other
ConstructionBlock
Additional Information
Date ListedSeptember 1st, 2023
Days on Market258
Listing Details
Listing Courtesy ofMia MGMT Group, LLC.
LISTING MAP
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