Property 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 50 %It is rented 25% below market value. Pro forma calculated by Miami Dade Housing 2024
Features
: Other
: Other
: Patio
: 12
: Laundry Facility
: Barbeque
: Tile, Ceramic Floor
: Less Than 1/4 Acre Lot
: Shingle, Other
: Public Sewer
Address Map
FL
Miami-Dade County
North Miami
33161
12240 NE 5th Ave
BISCAYNE PARK ESTATES
0
W81° 48' 42.7''
N25° 53' 16.4''
BISCAYNE PARK ESTATES,8 Unit Rental Income
Additional Information
: Other
158
8
: Other Rent Incl
1
: Quadruplex, Fourplex
$14,702
2022
: Municipal Water
3700
Residential Income For Sale
12240 NE 5th Ave, North Miami, Florida 33161
4,479 Sqft
$2,050,000
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Price : $2,050,000
Square Footage : 4,479 Sqft
Year Built : 1951
Listing Terms : All Cash, Conventional, Exchange
Status : Active
Building Area : 4,479 Sqft
Property SubType : Quadruplex
Agent info
- Patricia Calvet
-
contact@calvetrealty.com
