North Miami, FL 33161,12240 NE 5th Ave
North Miami, FL 33161,12240 NE 5th Ave
North Miami, FL 33161,12240 NE 5th Ave
11
$1,300,000
$1,390,000
6.5%
Est.Price: ?

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4,479 SqFt

12240 NE 5th Ave North Miami, FL 33161

Est. payment /mo
SOLD DATE : 04/12/2022

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Key Details

Sold Price $1,300,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 4,479 sqft

Price per Sqft $290

Subdivision Biscayne Park Estates

MLS Listing ID A11135514

Sold Date 04/12/22

Style Fourplex

Construction Status Resale

HOA Y/N No

Year Built 1951

Annual Tax Amount $12,254

Tax Year 2001

Contingent No Contingencies

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.

Location

State FL

County Miami-dade County

Community Biscayne Park Estates

Area 22

Direction Text/message agent for showings via video tours of a selection of the units. Due to Covid, appointments for internal viewing during inspections & after accepted contract. Property fully leased. Do not disturb nor discuss sale with tenants.

Interior

Heating Other

Cooling Ceiling Fan(s), Wall/Window Unit(s)

Flooring Ceramic Tile

Exterior

Pool None

Utilities Available Cable Not Available

Roof Type Shingle,Tar/Gravel

Total Parking Spaces 10

Building

Lot Description < 1/4 Acre

Story 1

Sewer Septic Tank

Architectural Style Fourplex

Level or Stories One

Structure Type Block

Construction Status Resale

Others

Tax ID 06-22-30-031-0250

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Special Listing Condition Listed As-Is

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Listed by Douglas Elliman
Bought with City Group Consulting, LLC

Learn More About LPT Realty

agent

Linda Hatooka

Broker Associate | License ID: BK3354240

+1(215) 378-5533

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