Basic Information

  • MLS # A11135514
  • Type Quadruplex
  • Status Closed
  • Subdivision/Complex BISCAYNE PARK ESTATES
  • Year Built 1951
  • Total Sqft 4,479
  • Date Listed 12/13/2021
  • Days on Market 120
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.

Amenities

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Construction Type Block
  • Parking Description
  • Style Quadruplex

Interior Features

  • Adjusted Sqft 4,479Sq.Ft
  • Cooling Description Ceiling Fans, Wall Window Units
  • Floor Description Ceramic Tile
  • Heating Description Other
  • Sqft 4,479 Sq.Ft

Property Features

  • Address 12240 NE 5th Ave
  • Aprox. Lot Size 4,479
  • Construction Materials Block
  • Furnished Info no
  • Listing Terms Cash
  • HOA Fees $0
  • Subdivision Complex
  • Subdivision Info BISCAYNE PARK ESTATES
  • Tax Amount $12,254
  • Tax Legal desc BISCAYNE PARK ESTS BLKS 8 9 10 11 PB 5-107 LOT 24 BLK 8 LOT SIZE 15000 SQUARE FEET OR 18882-3051 11 1999 1 COC 24160-3301 09 2005 1
  • Tax Year 2001
  • Terms Considered Cash
  • Type of Property Quadruplex

12240 NE 5th Ave

North Miami, FL 33161

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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Douglas Elliman. tel: 305-677-5000

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