Price Reduced 17.39%
Price History
$2,300,000
9/1/2023
$2,150,000
10/28/2023
$2,100,000
1/16/2024
$2,050,000
2/7/2024
$1,900,000
3/19/2024
12240 NE 5th Ave, North Miami, FL, 33161
1951
Fourplex
4,479 sqft
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
Status:
Pending
Type:
Multi-family
Zoning:
3700
Subdivision:
BISCAYNE PARK ESTATES
Heating:
Other
Cooling:
Other
Parking:
12-car
Est. Taxes:
$14,702
Construction
Block
Utilities
Cable Not Available
Lot Description:
< 1/4 Acre
Days on Market:
230
Pool:
None
MLS #:
A11446202
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of Mia MGMT Group, LLC. Phone: 917-593-4004