14280 NE 6th Ave, North Miami, FL 33161 | For Sale
14280 NE 6th Ave, North Miami, FL 33161
Property Description: Welcome to Royal Oaks Apartments, a turnkey 19-unit multifamily gem in North Miami. This fully renovated property includes 16 one-bed/one-bath units and 3 spacious studios, all featuring mini split ACs, new flooring, modern kitchens, impact windows/doors, stylish bathrooms, recessed lighting, and private balconies in most units. The property offers onsite parking, individual electric meters, an onsite laundry facility, secured entrances, and surveillance. The 40-year certification is completed, and the roof has been resealed, ensuring minimal CapEx. Fully occupied, it generates nearly $380,000 annually, providing a 7% Cap rate return with potential for increased returns by adjusting rents to market rates. Situated on a 0.40-acre lot, it allows for up to 40 units to be built if redeveloped.
Commercial Sale Multi Family For Sale located at 14280 NE 6th Ave North Miami FL 33161 in Miami-Dade County referenced as ID MLS # A11625158. Find below more comprehensive details about this property. Get in touch with Rebonus, Realtors to arrange a personal viewing or a live video tour, or to submit an offer. If you are a property owner interested in selling a similar property, contact us and receive a free comparative market analysis. We also provide online video calls and meetings.
Useful Info
Lease Details
Business Info
- Owner
Land Lot (Parcel) Details
Construction
- Resale
- Block
- Tile
- Vinyl
- Terrazzo
- Apartment
Property Features
- Smoke Detector(s)
- Security Gate
- Built-up
- Impact Glass
- Other
- Other
Taxes and Expenses
Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.
Terms
- Aerial
- Ground Photo
- Financials
- Rent Rolls
- Cash
- Conventional
- Other
- Tenant
- Closing & Funding
- 36 Months
Community
Parking
Utilities
- Public Sewer
- Public
More Details
FEMA Flood Zone Designations: X
Subdivision Number: 11
Zoning and Legal
Listing History
| Update/Event | Date/Days |
| Published Date: | July 17, 2024 1:35 am |
| On Market Date: | July 17, 2024 |
| Price Change Date Time: | July 17, 2024 12:59 am |
| Last Important Update Description: | Active Under Contract (An offer has been accepted, considering Backup Offers) |
| Date and Time of Last Important Update: | August 24, 2024 8:59 pm |
| Status Last Changed: | August 24, 2024 8:59 pm |
| Photos Last Modified: | July 17, 2024 5:50 am |
| Last Modified: | August 25, 2024 1:00 am |
| Days on the Market Reference Date: | August 25, 2024 |
| Days on the Market (updated on Last Modified*): | 38 |
| Cumulative Days on the Market (updated on Last Modified**): | 38 |
