Costantini VIP Realty

Serving the Miami-Dade, Broward and Palm Beach Counties

 

Property Description

Potential 6% cash-flow (“cap rate”) with this 8-unit multifamily apartment income property in the City of North Miami, FL. Well maintained, renovated, & managed over the past five years. Walking distance to neighborhood cafes, shopping & services on NE 125th Street/Downtown City of North Miami. Conveniently located between Aventura, Biscayne Park & Miami Shores and minutes to the Beaches. Zoned R-5 with a wide range of potential uses including multifamily medium density, childcare centers, adult daycare/living facilities, hospitals, nursing, & convalescent homes. See attached Zoning Information & Survey & Plans for the potential addition of more units on the existing property. See attached financial and proforma summaries. Being sold AS-IS/WHERE-IS.

Features
: Other
: Ceiling Fan(s), Wall/window Unit(s)
: 10
: Ceramic Floor
: Less Than 1/4 Acre Lot
: Shingle, Tar & Gravel Roof
: Septic Tank
Address Details
FL
Miami-Dade County
North Miami
33161
12240 NE 5th Ave
BISCAYNE PARK ESTATES
0
Other
: Detached
: Cbs Construction, Concrete Block Construction
47
: Cash
8
: Substantially Remodeled
: Sewer, Trash Collection, Water
1
1
: Quadruplex, Fourplex
$12,254
2001
3700

Residential Income For Sale

BISCAYNE PARK ESTATES

12240 NE 5th Ave, North Miami, Florida 33161

4,479 Sqft
$1,390,000
Listing ID #A11135514
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : A11135514
Price : $1,390,000
Square Footage : 4,479 Sqft
Year Built : 1951
Lot Area : 4,479 Sqft
Building Area : 4,479 Sqft
Status : Active
Property SubType : Quadruplex
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