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Multifamily in North Miami, FL 33161Biscayne Park Estates, 12240 NE 5th Ave
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Closed
$1,300,000
4,479
SqFtStatus
Sold - Apr 12, 2022
Size
4,479 SqFt (416 m2)
Price
$290/SqFt ($3,124/m2)
Type
Multifamily
Built
1951
MLS Number
A11135514
On Site
1737 Days
Updated
19 Days ago
Page Views
0
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.
Features
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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Scores
80
100
42
100
53
100
74
100
0
100
33
100
2
100
Community Snapshot
3 – 3 BR
Bedrooms
$846K – $886K
Price Tier
1,109 - 4,479
SqFt Range
1969
Year Build
Subdivision Amenities
Elevators
Laundry
Maintenance
Management
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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity' Program of the Regional Multiple Listing Service of Miami Dade, Broward, Palm Beach, Collier and Lee Counties. Not all listings found on this site are necessarily listed through Subdivisions.com. Real estate listings held by brokerage firms other than Subdivisions.com are marked with the Broker Reciprocity' logo or the Broker Reciprocity' thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.
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