USD 1,390,000

12240 NE 5th Ave
North Miami, Florida 33161

Beds
Baths 0

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.

Listed by Douglas Elliman Real Estate

Property Details

ID #
A11135514
Status
Sale
Type
House, Residential, Duplex, Triplex
Zip Code
33161
Building Area
4,479ft2
Year Built
1951
Parking Spaces
10
Building Feature
Air Conditioning
Roof Material
Wood shingle roof
Septic
Septic tank
Construction
CBS Construction, Concrete Block Construction
Cooling
Ceiling Fans
Floor
Ceramic Floor
Lot
Less Than 1/4 Acre Lot
Occupancy
Tenant Occupied
Roof
Tar & Gravel Roof
Utilities
Internet
Zoning Information
3700

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