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12240 NE 5th Ave

North Miami, FL 33161
  • $1,390,000
  • STATUS: Active
  • ON SITE: 45 Days
  • MLS #: A11135514
UPDATED: 7 min ago
$1,390,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,479
    SQFT
  • $310
    $/SQFT
Type:
Multi-Family
Built:
1951
County:

School Ratings & Info

Description

Potential 6% cash-flow (cap rate) with this 8-unit multifamily apartment income property in the City of North Miami, FL. Well maintained, renovated, & managed over the past five years. Walking distance to neighborhood cafes, shopping & services on NE 125th Street/Downtown City of North Miami. Conveniently located between Aventura, Biscayne Park & Miami Shores and minutes to the Beaches. Zoned R-5 with a wide range of potential uses including multifamily medium density, childcare centers, adult daycare/living facilities, hospitals, nursing, & convalescent homes. See attached Zoning Information & Survey & Plans for the potential addition of more units on the existing property. See attached financial and proforma summaries. Being sold AS-IS/WHERE-IS.

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Copyright 2022, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2022, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2022-01-28T11:52:06.673.
www.doublelgroup.com/homes/124000842
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12240 NE 5th Ave North Miami, FL 33161

  • Price: $1,390,000
  • Status: Active
  • On Site: 45 Days
  • Updated: 7 min ago
  • MLS #: A11135514
0
Beds
0
Baths
0
½ Baths
0.1
Acres
4,479
SQFT
$310
$/SQFT
1951
Built
Neighborhood:
Biscayne Park Estates,8 Unit Rental Income
County:
Miami-Dade
Area:
Biscayne Park Estates
Property Description
Potential 6% cash-flow (cap rate) with this 8-unit multifamily apartment income property in the City of North Miami, FL. Well maintained, renovated, & managed over the past five years. Walking distance to neighborhood cafes, shopping & services on NE 125th Street/Downtown City of North Miami. Conveniently located between Aventura, Biscayne Park & Miami Shores and minutes to the Beaches. Zoned R-5 with a wide range of potential uses including multifamily medium density, childcare centers, adult daycare/living facilities, hospitals, nursing, & convalescent homes. See attached Zoning Information & Survey & Plans for the potential addition of more units on the existing property. See attached financial and proforma summaries. Being sold AS-IS/WHERE-IS.
Exterior Features

Architectural Style Detached Construction Materials Concrete Block ConstructionCbs Construction Lot Features Less Than 1/4 Acre Lot Parking Total 10 Pool Private YN No Roof ShingleTar & Gravel Roof View YN No Waterfront YN No

Interior Features

Adjusted Square Footage 4479 Building Area Total 4479 Cooling Ceiling Fan(S)Wall/Window Unit(S) Flooring Ceramic Floor Heating Other Stories Total 1

Property Features

Association YN No Building Name Biscayne Park Estates Cooling YN Yes Documents Available Investment AnalysisCopy Of Lease(S)Existing Survey Heating YN Yes Horse YN No Internet Address Display YN Yes Internet Automated Valuation Display YN Yes Internet Entire Listing Display YN Yes Listing Terms Cash Model 8 Unit Rental Income New Construction YN No Property Condition Substantially Remodeled Property Sub Type Quadruplex Public Survey Section 30 Rent Includes SewerTrash CollectionWater Senior Community YN No Sewer Septic Tank Structure Type QuadruplexFourplex Tax Annual Amount 12254 Tax Year 2001 Year Built Details Resale Zoning 3700

Listing courtesy of Douglas Elliman.


Copyright 2022, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2022, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2022-01-28T11:52:06.673.
 
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Double L Group | ONE Sotheby's
1000 Brickell Ave. #500
Miami FL, 33131