Basic Information
- MLS # A11482484
- Type Multi Family
- Status Closed
- Year Built 1960
- Total Sqft 8,420
- Date Listed 11/20/2023
- Days on Market 123
This 6-unit boutique multifamily building is located in one of the best areas in North Miami. Property is in excellent condition with long-standing tenants, fully occupied. All 6-units are 1 bed/ 1 bath, each come with 1-assigned parking, all rented at $1,250 per month (market rent is $1,600 to $1,700), all tenants are on month to month, no long term leases. This property provides a steady cash flow with gross rental income of $90,000 per year with a potential to increase to $115,000 to $125,000 per year once rent prices are increased to market rents. Current CAP 3.93% and projected CAP 5.79%. Very low turnover in this building and easily rented if one becomes available. Utility room located onsite where a Washer/Dryer can be added for extra income, current owner does not use utility room.
Amenities
Exterior Features
- Waterfront No
- Parking Spaces 0
- Pool No
- Parking Description Assigned
- Style Multi Family
Interior Features
- Adjusted Sqft 8,420Sq.Ft
- Cooling Description Central Air
- Heating Description Central, Electric
- Sqft 8,420 Sq.Ft
Property Features
- Address 13200 NE 6th Ave
- Aprox. Lot Size 8,420
- Furnished Info no
- Listing Terms Cash
- Subdivision Complex
- Subdivision Info
- Tax Amount $12,154
- Tax Legal desc 30 52 42 GRIFFINGS BISCAYNE PK ESTS RESUB OF BLK 39 PB 15-13 LOT 1 BLK 39 LOT SIZE 8420 SQUARE FEET OR 13284-713 0587 3 COC 22695-1361 09 20
- Tax Year 2022
- Terms Considered Cash
- Type of Property Multi Family
13200 NE 6th Ave
North Miami, FL 33161Similar Properties For Sale
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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: 305-695-6060
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