South Florida
Biscayne Park Estates, 12240 NE 5th Ave North Miami, FL 33161
2,050,000(-7.32% )
$1,900,000Price
4,479SqFt
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Size: 4,479 ft2 / 416 m2
Price: $424 ft2 / $4,566 m2
Built: 1951
MLS Number: A11446202
On Site: 381 Days
Updated: 150 Days ago
Page Views: 0
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
Price History
03/18/2024
Date
Price Reduced
Event
$1.9M
Price
-7.32%
Change Rate
$424 ft2 / $4,566 m2
Price Per
02/06/2024
Date
Price Reduced
Event
$2.1M
Price
-2.38%
Change Rate
$458 ft2 / $4,927 m2
Price Per
01/15/2024
Date
Price Reduced
Event
$2.1M
Price
-2.33%
Change Rate
$469 ft2 / $5,047 m2
Price Per
10/27/2023
Date
Price Reduced
Event
$2.2M
Price
-6.52%
Change Rate
$480 ft2 / $5,167 m2
Price Per
09/01/2023
Date
Listed
Event
$2.3M
Price
$514 ft2 / $5,527 m2
Price Per
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Nicolas Vicente • Mia MGMT Group, LLC. • Buyer Agency Compensation .
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