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Est. payment /mo
Active
14280 NE 6th AVE North Miami, FL 33161
8,324 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,324 sqft
MLS Listing ID A11933823
HOA Y/N No
Year Built 1959
Annual Tax Amount $60,446
Lot Size 0.400 Acres
Acres 0.4
Property Sub-Type Multi Family
Property Description
Presenting Royal Oak Apartments, an expertly stabilized and freshly renovated 19-unit multifamily investment in the supply-constrained North Miami sub-market.Offering diversified unit typologies, reliable in-place income with majority market-rate tenancies, recent comprehensive renovations, and long-term durability with completed 40-Year Recertification, this asset delivers turnkey performance with curb appeal that lasts.The property has undergone a capital improvement overhaul, with extensive property-wide interior & exterior upgrades designed to support stable operations and long-term performance. Impact glass throughout and private terraces in select units enhance the property's modern aesthetic, attracting tenants and supporting consistently high occupancy levels. This is a rare opportunity to acquire for $199K/door a full renovated and stabilized asset.Locationally supreme, North Miami is a submarket benefiting from strong renter demand, limited new multifamily supply, and equidistant proximity to major employment corridors and regional connectors as Biscayne Boulevard, NE 125 ST, NE 163 ST, and I-95.Price Per Door: $194,737In-Place CAP: 6.2%Pro-Forma CAP: 6.9%Current Occupancy: 95%
Location
State FL
County Miami-dade
Area 2220
Region North Miami
City Region North Miami
Interior
Fireplace No
Others
Pets Allowed No
Tax ID 0622190110070
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11933823
Listed by Jamie Maniscalco The Alpha Commercial Advisors LLC
NEARBY SCHOOLS & PROPERTIES