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Denise Stewart

Realtor

  • Office 866 783 6011
  • Cell 954 881 9148
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12240 Ne 5th Ave, North Miami, FL – $1,900,000

  • $1.9M Price
  • 4,479 Sqft
  • $1.9M Price
  • 4,479 Sqft

12240 Ne 5th Ave

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

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Essential Information

  • MLS® #A11446202
  • Price$1,900,000
  • Bathrooms0.00
  • Square Footage4,479
  • Acres0.00
  • Year Built1951
  • TypeResidential Income
  • Sub-TypeQuadruplex
  • StyleFourplex
  • StatusActive Under Contract
  • Pets AllowedNo

Community Information

  • Address12240 Ne 5th Ave
  • Area22
  • SubdivisionBISCAYNE PARK ESTATES
  • CityNorth Miami
  • CountyMiami-Dade County
  • StateFL
  • Zip Code33161-5444

Amenities

  • UtilitiesCable Not Available
  • FeaturesLaundry Facilities

Interior

  • InteriorCeramic Tile, Tile
  • HeatingOther
  • CoolingOther
  • # of Stories1
  • StoriesOne

Exterior

  • Exterior FeaturesBarbecue, Patio
  • WindowsImpact Glass
  • RoofOther, Shingle
  • ConstructionBlock

Additional Information

  • Listing Courtesy ofMia MGMT Group, LLC.
  • Days on Market242
  • Date ListedSeptember 1st, 2023
  • Folio #0622300310250
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The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®, and is updated as of May 2nd, 2024 at 4:37am EDT (date/time).

All information is deemed reliable but not guaranteed by the MLS and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Keller Williams Realty Professionals shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. © 2024 MLS of MAR.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing

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