South Florida
Closed
Biscayne Park Estates, 12240 NE 5th Ave, North Miami, FL 33161
1,900,000(-15.79% )
Details
Save
Status:
Sold - May 24, 2024
Size: 4,479 SqFt (416 m2)
Price: $357/SqFt ($3,845/m2)
Type: Multi Family
Built: 1951
MLS Number: A11446202
On Site: 712 Days
Updated: 299 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
Features
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
Price History
05/24/2024
Date
Sold
Event
$1.6M
Price
-15.79%
Change Rate
$357 ft2 / $3,845 m2
Price Per
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 .
Instant Comps
$200/ft²
$200/ft²
$400/ft²
$500/ft²
Unit 12240 NE 5th Ave – Asking
$357/ft²
(+13%) from Closed Medium $/ft²
Closed Medium $/ft²
$315/ft²
Community $/Price Range (Closed) $315/ft² – $315/ft²
No Comparable Units Found: We couldn't locate comparable properties at this time. Contact us for a FREE, no-obligation Comparative Market Analysis (CMA) from a licensed RE advisor.
THINKING OF SELLING IN Biscayne Park Estates at North Miami?
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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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