12240 Ne 5th Ave
North Miami, Florida
$1,900,000 Rental Price
- Bedrooms   - Baths

Contract Signed

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...

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.

 

Listing Details

Contract Signed
North Miami, Florida
Type: Rental
Price: $1,900,000
Approx. square footage: 4,479 sf
Web ID: 11446202
MLS ID: A11446202

Info & Amenities

Type: Quadruplex
Built: 1951
Pool: Yes

Map of Area for 12240 NE 5th Ave

Listing Agent(s)