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12240 NE 5th Ave North Miami, FL 33161
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Key Details
Sold Price $1,600,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,479 sqft
Price per Sqft $357
Subdivision Biscayne Park Estates
MLS Listing ID A11446202
Sold Date 05/24/24
Style Fourplex
Construction Status Resale
HOA Y/N No
Year Built 1951
Annual Tax Amount $14,702
Tax Year 2022
Contingent Other
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
Location
State FL
County Miami-dade
Community Biscayne Park Estates
Area 22
Interior
Heating Other
Cooling Other
Flooring Ceramic Tile, Tile
Window Features Impact Glass
Exterior
Exterior Feature Barbecue, Patio
Pool None
Community Features Laundry Facilities
Utilities Available Cable Not Available
Waterfront No
Roof Type Other,Shingle
Porch Patio
Total Parking Spaces 12
Building
Lot Description < 1/4 Acre
Story 1
Sewer Public Sewer
Water Public
Architectural Style Fourplex
Level or Stories One
Structure Type Block
Construction Status Resale
Others
Tax ID 06-22-30-031-0250
Acceptable Financing Cash, Conventional, 1031 Exchange, Other
Listing Terms Cash, Conventional, 1031 Exchange, Other
Financing Cash
Special Listing Condition Listed As-Is
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Bought with Mia MGMT Group, LLC.
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