12240 NE 5th Ave, North Miami FL 33161,North Miami,Miami-Dade County,Residential Income

2.050.000 $
12240 NE 5th Ave, North Miami FL 33161, North Miami, 8 Unit Rental Income, BISCAYNE PARK ESTATES

Overview

  • Updated On:
  • February 6, 2024
  • 4,479 ft2

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

Address: 12240 NE 5th Ave, North Miami FL 33161
State/County:
Zip: 33161
Country: United States

Property Id: 102346
Price: 2.050.000 $
Property Size: 4,479 ft2

Other Features
Barbeque
Has Cooling System
Has Heating System

Transport
Supermarkets
Schools
Restaurants
Pharmacies
Hospitals

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10,510.76 $
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
7,948.26 $

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