Multifamily in North Miami, FL 33161Biscayne Park Estates, 12240 NE 5th Ave
Closed
Beds
4,479
SqFt$357
$/SqFtMid-Tier MultifamilyProperty Type
1951Year Built
$357/SqFtPrice per sq ft
FourplexStyle
BarbecueExterior Features
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
Listing Courtesy Of: Mia MGMT Group, LLC.
Local Realty Services Provided By: Best of Luxury Realty
On Site: 1156 DaysUpdated: 65 Days agoPage Views: 0
Features
MLS Number: A11446202
Bedrooms
Bathrooms
Exterior and Lot Features
- Exterior Features: Barbecue,Patio
Interior, Heating and Cooling
- Heating Description: Other
- Cooling Description: Other
Building and Construction
- Floor Description: CeramicTile,Tile
- Windows/Treatment: ImpactGlass
- Year Built: 1951
- Year Built Description: Resale
- Style: Fourplex
Waterfront and Water Access
- Waterfront Frontage: No info
School Information
Other Property Info
- Listing Date: 2023-09-01T17:07:21.000-00:00
Taxes, Fees & More
- Taxes: 14702
Apples-to-Apples Comparables
Price History
Current
$1.6M
High
$2.3M
Low
$1.6M
Total Change
-30.4%Date
Event
Price
Change
Price Per
05/24/2024
Sold
$1.6M
-15.79%$357 ft2
$3,845 m2
03/18/2024
Price Reduced
$1.9M
-7.32%$424 ft2
$4,566 m2
02/06/2024
Price Reduced
$2.1M
-2.38%$458 ft2
$4,927 m2
01/15/2024
Price Reduced
$2.1M
-2.33%$469 ft2
$5,047 m2
10/27/2023
Price Reduced
$2.2M
-6.52%$480 ft2
$5,167 m2
09/01/2023
Listed
$2.3M
$514 ft2
$5,527 m2
05/24/2024
$1.6M
Event
Sold
Change
-15.79%Price Per
$357 ft2
$3,845 m2
03/18/2024
$1.9M
Event
Price Reduced
Change
-7.32%Price Per
$424 ft2
$4,566 m2
02/06/2024
$2.1M
Event
Price Reduced
Change
-2.38%Price Per
$458 ft2
$4,927 m2
01/15/2024
$2.1M
Event
Price Reduced
Change
-2.33%Price Per
$469 ft2
$5,047 m2
10/27/2023
$2.2M
Event
Price Reduced
Change
-6.52%Price Per
$480 ft2
$5,167 m2
09/01/2023
$2.3M
Event
Listed
Price Per
$514 ft2
$5,527 m2
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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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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Premium
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