1. Florida
  2. North Miami
  3. 14280 NE 6th Ave
$3,950,000

14280 NE 6th Ave, North Miami, FL 33161

  • 10,811 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1959
  • Property Lot Size Icon0.4acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $365/sqft
  • Property List Date Icon Listed 10 months ago

Property Description

Welcome to Royal Oaks Apartments, a turnkey 19-unit multifamily gem in North Miami. This fully renovated property includes 16 one-bed/one-bath units and 3 spacious studios, all featuring mini split ACs, new flooring, modern kitchens, impact windows/doors, stylish bathrooms, recessed lighting, and private balconies in most units. The property offers onsite parking, individual electric meters, an onsite laundry facility, secured entrances, and surveillance. The 40-year certification is completed, and the roof has been resealed, ensuring minimal CapEx. Fully occupied, it generates nearly $380,000 annually, providing a 7% Cap rate return with potential for increased returns by adjusting rents to market rates. Situated on a 0.40-acre lot, it allows for up to 40 units to be built if redeveloped.

Listing Status:
Active
Date Added:
July 17, 2024 at 05:00AM
Listing Office:
Fausto Commercial Realty Consultants Inc : 786-748-7373
Listing Agent:
Elior Levi : 954-743-7594
MLS ID:
A11625158
  • Flooring: TerrazzoTileVinyl
  • A/C: Other
  • Heating: Other

This listing courtesy of Elior Levi, Fausto Commercial Realty Consultants Inc

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

N

North Miami Elementary School

655 NE 145th St, North Miami, FL, 33161

Grades PK-5

0.22 miles away

N

North Miami Middle School

700 NE 137th St, North Miami, FL, 33161

Grades 6-8

0.45 miles away

N

North Miami Senior High School

13110 NE 8th Ave, North Miami, FL, 33161

Grades 9-12

0.73 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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