North Miami, FL 33161,12240 NE 5th Ave
North Miami, FL 33161,12240 NE 5th Ave
North Miami, FL 33161,12240 NE 5th Ave
14
$1,600,000
$1,900,000
15.8%
Est.Price: ?

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4,479 SqFt

12240 NE 5th Ave North Miami, FL 33161

Est. payment /mo
SOLD DATE : 05/24/2024

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Key Details

Sold Price $1,600,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 4,479 sqft

Price per Sqft $357

Subdivision Biscayne Park Estates

MLS Listing ID A11446202

Style Fourplex

Year Built 1951

Annual Tax Amount $14,702

Tax Year 2022

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 30 %It is rented 25% below market value. Pro forma calculated by Miami Dade Housing 2024

Location

State FL

County Miami-dade

Community Biscayne Park Estates

Area 22

Interior

Heating Other

Cooling Other

Flooring Ceramic Tile, Tile

Exterior

Exterior Feature Barbecue, Patio

Pool None

Community Features Laundry Facilities

Utilities Available Cable Not Available

Roof Type Other,Shingle

Building

Lot Description < 1/4 Acre

Story 1

Sewer Public Sewer

Water Public

Structure Type Block

Others

Acceptable Financing Cash, Conventional, 1031 Exchange, Other

Listing Terms Cash, Conventional, 1031 Exchange, Other

Special Listing Condition Listed As-Is

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Listed by Mia MGMT Group, LLC.
Bought with Mia MGMT Group, LLC.

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Anthony Guerriero

Broker

+1(646) 376-8752

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