FL > North Miami
North Miami, FL 33161,14280 NE 6th Ave
North Miami, FL 33161,14280 NE 6th Ave
North Miami, FL 33161,14280 NE 6th Ave
North Miami, FL 33161,14280 NE 6th Ave
North Miami, FL 33161,14280 NE 6th Ave
North Miami, FL 33161,14280 NE 6th Ave
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Germain Abraham

Germain Abraham

+1(305) 608-8480
$ 3,800,000
Est. payment | /mo

10,811 SqFt

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$ 3,800,000
Est. payment | /mo
Save Virtual Tour

10,811 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 10,811 sqft

Price per Sqft $351

MLS Listing ID A11625158

Construction Status Resale

HOA Y/N No

Year Built 1959

Annual Tax Amount $66,985

Contingent Other

Lot Size 0.400 Acres

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.

Location

State FL

County Miami-dade

Area 22

Interior

Heating Other

Cooling Other

Flooring Terrazzo, Tile, Vinyl

Window Features Impact Glass

Exterior

Roof Type Built-Up

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Block

Construction Status Resale

Others

Tax ID 06-22-19-011-0070

Security Features Security Gate,Smoke Detector(s)

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Listed by Fausto Commercial Realty Consultants Inc
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14280 NE 6th Ave