Multifamily in North Miami, FL 33161Biscayne Park Estates, 12240 NE 5th Ave
Closed
$1,300,000
Beds
4,479
SqFt$290
$/SqFtMid-Tier MultifamilyProperty Type
1951Year Built
$290/SqFtPrice per sq ft
FourplexStyle
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.
Listing Courtesy Of: Douglas Elliman
Local Realty Services Provided By: Best of Luxury Realty
On Site: 1797 DaysUpdated: 79 Days agoPage Views: 0
Features
MLS Number: A11135514
Bedrooms
Bathrooms
Exterior and Lot Features
Interior, Heating and Cooling
- Heating Description: Other
- Cooling Description: CeilingFans, WallWindowUnits
Building and Construction
- Floor Description: CeramicTile
- Year Built: 1951
- Year Built Description: Resale
- Style: Fourplex
Waterfront and Water Access
- Waterfront Frontage: No info
School Information
Other Property Info
- Listing Date: 2021-12-13T14:04:11.000-00:00
Taxes, Fees & More
- Taxes: 12254
Apples-to-Apples Comparables
Price History
Date
Event
Price
Change
Price Per
12/12/2021
Listed
$1.3M
$290 ft2
$3,124 m2
12/12/2021
$1.3M
Event
Listed
Price Per
$290 ft2
$3,124 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Brian Carter • Douglas Elliman • Buyer Agency Compensation .
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Community Snapshot
4 – 4 BR
Bedrooms
$1.3M – $1.3M
Price Tier
1,109 - 4,479
SqFt Range
1969
Year Build
Subdivision Amenities
Elevators
Laundry
Maintenance
Management
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