Skip To Content

12240 NE 5th Ave

North Miami, FL 33161
  • $1,900,000
  • STATUS: Active Under Contract
  • ON SITE: 284 Days
  • MLS #: A11446202
Under Contract
UPDATED: 169 min ago
$1,900,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,479
    SQFT
  • $424
    $/SQFT
Type:
Multi-Family
Built:
1951
County:

School Ratings & Info

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

Monthly Payment Calculator



Copyright 2024, 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 2024, 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 2024-06-12T14:50:44.91.
www.ewm.com/homes/143032440
Print Image

12240 NE 5th Ave North Miami, FL 33161

  • Price: $1,900,000
  • Status: Active Under Contract
  • On Site: 284 Days
  • Updated: 169 min ago
  • MLS #: A11446202
0
Beds
0
Baths
0
½ Baths
N/A
Acres
4,479
SQFT
$424
$/SQFT
1951
Built
Neighborhood:
Biscayne Park Estates,8 Unit Rental Income
County:
Miami-Dade
Area:
Biscayne Park Estates
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
Exterior Features

Architectural Style Other Exterior Features Barbeque Lot Features Less Than 1/4 Acre Lot Parking Total 12 Patio And Porch Features Patio Pool Private YN No Roof OtherShingle View YN No Waterfront YN No

Interior Features

Adjusted Square Footage 2338 Building Area Total 4479 Building Features Laundry Facility Cooling Other Flooring Ceramic FloorTile Heating Other Heating YN Yes Stories 1 Window Features Clear Impact GlassHigh Impact Windows

Property Features

Association YN No Building Name BISCAYNE PARK ESTATES Cooling YN Yes Documents Available Investment AnalysisCopy Of Lease(S)Other Available InformationRent RollsExisting Survey Horse YN No Listing Terms All CashConventionalExchange Model 8 Unit Rental Income New Construction YN No Property Sub Type Quadruplex Public Survey Section 30 Rent Includes Other Rent Incl Sewer Public Sewer Structure Type QuadruplexFourplex Tax Annual Amount 14702 Tax Year 2022 Type Of Association None Water Source Municipal Water Year Built Details Resale Zoning 3700

Listing courtesy of Mia MGMT Group, LLC.: .


Copyright 2024, 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 2024, 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 2024-06-12T14:50:44.91.
 
https://bt-photos.global.ssl.fastly.net/miami/1280_boomver_2_A11446202-2.jpg https://bt-photos.global.ssl.fastly.net/miami/1280_boomver_2_A11446202-2.jpg https://bt-photos.global.ssl.fastly.net/miami/1280_boomver_2_A11446202-2.jpg
Logo
Berkshire Hathaway HomeServices EWM Realty
201 Alhambra Circle #1060
Coral Gables FL, 33134