Overview

Property ID: A11446202

Quadruplex, Residential Income
Property Type

4479 Sqft
Area Size

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

Listing courtesy of Mia MGMT Group, LLC..

Address

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Address: 12240 NE 5th Ave
City: North Miami
State/county: FL
Zip/Postal Code: 33161

Details

Updated on October 18, 2024 at 10:49 am

Property ID A11446202
Price $1,900,000
Property Size 4479 Sqft
Garage Size x x
Year Built 1951
Property Type Quadruplex, Residential Income
Property Status Closed

Additional details

Listing Terms Cash,Conventional,1031 Exchange,Other
Roof Other, Shingle
Utilities Cable Not Available
Sewer Public Sewer
Cooling Other
Heating Other
Flooring Ceramic Tile,Tile
County Miami-Dade
Property Type Residential Income
Pool None
Community Features Laundry Facilities
Architectural Style Fourplex

Features

Barbecue, Patio

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IDX Information Disclaimer This website provides real estate listing data through the Internet Data Exchange (IDX) program. All information is deemed reliable but is not guaranteed and should be independently verified. Property data is provided for consumer personal, non-commercial use only, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Listing information is sourced from the Southeast Florida Multiple Listing Service (SEFMLS) and may include listings from other brokers who participate in the IDX program. Properties listed by brokerage firms other than Coldwell Banker Realty are marked with the listing broker’s name and/or MLS logo.All measurements, square footage, taxes, and property details are approximate and should be verified by the buyer. Availability, pricing, and other listing data are subject to change without notice.The Arango Group, Kevin Arango, P.A., and Coldwell Banker Realty do not guarantee the accuracy of IDX data, and bear no responsibility for typographical errors, misprints, or misrepresentations.© 2025 SEFMLS. © 2025 Kevin Arango, P.A. | The Arango Group. All rights reserved.