12240 NE 5th Ave, North Miami, 33161
Buy
12240 NE 5th Ave, North Miami, 33161
Quick Details
MLS #: A11446202
- Property Type
- Quadruplex
- 4479
- sqft
- 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
Address
Open on Google Maps- Address 12240 NE 5th Ave
- City North Miami
- State/county Florida
- Zip/Postal Code 33161
- Area Miami-dade County
Details
- MLS #: A11446202
- Price: $1,900,000
- Property Size: 4479 sqft
- Year Built: 1951
- Property Type: Quadruplex
- Property Status: Buy
Listed by Nicolas Vicente · Mia MGMT Group, LLC.
- Updated on June 4, 2024 at 12:26 am
Ask a Miami Realty Solution Agent a Question
View ListingsFor more information about this Quadruplex for Buy currently listed for $1900000 located in 12240 NE 5th Ave North Miami, Florida 33161 please call our real estate office at 1-(305) 728-0840
© Data Source Copyright: Copyright Southeast Florida Multiple Listing Service ©2024. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited, is a violation of the terms of use, and may violate federal and state law.