Multifamily in North Miami, FL 33161Griffing Biscayne Park Estates, 13200 NE 6th Ave
Closed
Beds
3,819
SqFt$275
$/SqFtMid-Tier MultifamilyProperty Type
1960Year Built
$275/SqFtPrice per sq ft
This 6-unit boutique multifamily building is located in one of the best areas in North Miami. Property is in excellent condition with long-standing tenants, fully occupied. All 6-units are 1 bed / 1 bath, each come with 1-assigned parking, all rented at $1,250 per month (market rent is $1,600 to $1,700), all tenants are on month to month, no long term leases. This property provides a steady cash flow with gross rental income of $90,000 per year with a potential to increase to $115,000 to $125,000 per year once rent prices are increased to market rents. Current CAP 3.93% - projected CAP 5.79%. Very low turnover in this building and easily rented if one becomes available. Utility room located onsite where a Washer/Dryer can be added for extra income, current owner does not use utility room.
Listing Courtesy Of: Douglas Elliman
Local Realty Services Provided By: Best of Luxury Realty
On Site: 1089 DaysUpdated: 65 Days agoPage Views: 0
Features
MLS Number: A11482389
Bedrooms
Bathrooms
Exterior and Lot Features
Interior, Heating and Cooling
- Heating Description: Electric
- Cooling Description: Electric
Building and Construction
- Floor Description: Tile
- Year Built: 1960
- Year Built Description: Resale
Waterfront and Water Access
- Waterfront Frontage: No info
School Information
Other Property Info
- Listing Date: 2023-11-07T16:50:35.000-00:00
Taxes, Fees & More
- Taxes: 12154
Apples-to-Apples Comparables
Price History
Current
$1.1M
High
$1.4M
Low
$1.1M
Total Change
-22.2%Date
Event
Price
Change
Price Per
03/22/2024
Sold
$1.1M
-8.7%$275 ft2
$2,959 m2
11/20/2023
Price Reduced
$1.2M
-14.81%$301 ft2
$3,241 m2
11/07/2023
Listed
$1.4M
 $353 ft2
$3,805 m2
03/22/2024
$1.1M
Event
Sold
Change
-8.7%Price Per
$275 ft2
$2,959 m2
11/20/2023
$1.2M
Event
Price Reduced
Change
-14.81%Price Per
$301 ft2
$3,241 m2
11/07/2023
$1.4M
Event
Listed
Price Per
$353 ft2
$3,805 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by David Vazquez • Douglas Elliman • Buyer Agency Compensation .
Tour This Property
Choose an in-person or video tour with a licensed local advisor
A local advisor will confirm availability
Ready to Make an Offer?
Get expert guidance from a local advisor
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
Community Snapshot
2 – 6 BR
Bedrooms
$479K – $2.1M
Price Tier
832 - 7,259
SqFt Range
1950
Year Build
1
Total Floors
418
Total Units
All North Miami, FL Mid-Tier Mid-Tier Homes & Condos
- Alhambra Heights House2
- Almar House1
- Archwood House3
- Areta Estates Townhouse4
- Aviation Country Club Mixed5
- Biscayne Park Estates Mixed1
- Biscayne Village Heights House1
- De Pauly Heights House1
- Fairmont House0
- Foster & Sanchez House0
- Gregory Heights House1
- Griffing Biscayne Park Estates House12
- Hidden Cove Townhouses Townhouse1
- Keystone Gardens Condo2
- Kirkpatrick House0
- Lamor Estates House1
- Lerob House1
- Nichols Heights House10
- Park Ridge House2
- Primrose Park House0
- Stanley Heights House1
- Sunny Acres House2
- Taylor Manor House0
Other North Miami, FL Homes & Condos Price Range Segments
Entry-Level
Entry-Level55
- 12590 Coronado Towers Condo3
- 1475 Terra Towers Condo1
- 3 Horizons East Condo6
- 3 Horizons North Condo4
- 3 Horizons South Condo3
- Adlerama Estates Townhouse1
- Arch Creek Landing Condo2
- Bayview Palms Condo17
- Bayview Towers North Condo8
- Bayview Towers South Condo10
- Brookview Condo4
- Capri Gardens Condo13
- Claremont Place Condo1
- Coral Towers Condo1
- Cricket Club Condo1
- Dorset House Condo3
- Executive Manors Mixed1
- Fairview House0
- Forever Elegant Condo1
- Gold Coast Condo2
- Greenwich Condo4
- Heritage Condo1
- Hidden Waters Condo0
- Irons Manor High Pine House3
- Keystone Arms Condo1
- Keystone Bay Condo1
- Keystone Harbor Club Condo7
- Keystone Towers Condo12
- La Castellana Condo1
- Malky Condo2
- Marbella Condo5
- Marina Park Condo0
- Mountclair Villas Townhouse1
- North Miami Gardens House0
- North Miami No HOA Mixed0
- Northeast Palms Condo1
- One Fifty One At Biscayne Condo19
- One Fifty One At Biscayne Condo12
- Oxford Court Condo2
- Park Fountain Condo1
- Patkay Multifamily1
- Sailboat Cay Condo24
- Sans Souci Condo3
- Sutton House Condo11
- The Fairmont House Co-Op3
- The Leeward Condo0
- The Oaks In North Miami Condo0
- The White House Condo5
- Tropical Terrace Condo1
- Vecino Del Mar Condo8
- Waterside Towers Condo3
- Wendover Condo2
- Windward Condo4
- Woodcreek Condo1
- Zurich Condo1
Premium
Premium37
- Alhambra Heights House2
- Baumgartner House0
- Bellwood Homesites House0
- Biscayne Highlands House3
- Biscayne Point Condo1
- Breezeswept Estates House9
- Breezy Heights House1
- Brian Manors House1
- Carlaine Terrace House0
- Casa Bella Villas Townhouse1
- Cherney House0
- Collonade Mixed0
- Crosswinds House0
- Dixie Gardens Mixed6
- Green Oaks House1
- Heritage Of Sans Souci Condo0
- Irons Manor House9
- Kerwood Manor House0
- Keystone Manor Condo1
- Majorca Towers Condo6
- Mansionette Homes House1
- Melrose Point At Sans Souci Mixed0
- Moonraker Condo1
- North Shore Heights House2
- Overbrook Shores House7
- Palomar Mixed2
- Park View Square House1
- Parkview Villas Townhouse3
- Poincianna Manor House0
- Priors To Biscayne Park Estates House2
- Pritt Manor House0
- Rivera Manor House0
- Rucks Park House2
- Shephard Heights House2
- Sunkist Grove House6
- Tobler Terrace House0
- Venice Arms Co-Op2
High-End
High-End2
Ultra Luxury
Ultra Luxury3
North Miami, FL Nearby Cities
$574K - $5.5M
$3K - $14K
$110K - $8M
$2K - $2K
$180K - $9M
$2K - $45K
$549K - $695K
$0 - $0
$499K - $4.7M
$2K - $9K