Near you
Finding buildings near you…
Counties
Multifamily in North Miami, FL 33161Biscayne Park Estates, 12240 NE 5th Ave
Share
Closed
4,479
SqFtStatus
Sold - May 24, 2024
Size
4,479 SqFt (416 m2)
Price
$357/SqFt ($3,845/m2)
Type
Multifamily
Built
1951
MLS Number
A11446202
On Site
1110 Days
Updated
18 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
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 .
Listing Location & Street View
Peer Listings
Active listings from matched communities
No listings found
Try adjusting your filters or changing your location to see available listings
Turn on listing alerts and we'll notify you
when matching listings appear
when matching listings appear
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
North Miami Mid-Tier Mid-Tier Homes & Condos
- Alhambra Heights House2
- Archwood House2
- Areta Estates Townhouse3
- Biscayne Park Estates Mixed2
- Elbaroda Grove House1
- Fairmont House1
- Hidden Cove Townhouses Townhouse0
- Keystone Gardens Condo2
- Kirkpatrick House1
- Lamor Estates House0
- Lerob House0
- Nichols Heights House6
- North Shore Heights House3
- Park View Square House0
- Primrose Park House1
- Rivera Manor House2
- Stanley Heights House1
- Sunny Acres House1
- Taylor Manor House0
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.
Copyright © 2026 Subdivisions.com • All Rights Reserved • Made with ❤ in Miami, Florida.