Overview
Closing Costs Calculator- Status: Backup
- Parking No info
- Size: 4,479 ft2/416.11 m2
- Price Per: $424.20 ft2/$4,566.07 m2
- Type: Multifamily
- Built: 1951
- HOA: No info
- MLS Number: A11446202
- View No info
- On Site: 242 days
- Updated: 12 Days Ago
- Page Views: 7
Million-Dollar Neighborhood! Presenting an impeccable 8-unit multifamily apartment income property located in the vibrant City of North Miami, FL, in the heart of the Biscayne Park area. One of the unique features of this property is its value-add potential, as it has the right to build an additional up to 14 unit and add 6 units to the existing structure, plans available could significantly boost cash flow. Additionally, it has recently passed the 40-year certification, ensuring structural integrity. Many upgrades, including impact windows, have been carried out. Great opportunity SELLER FINANCE UP TO 30 %It is rented 25% below market value. Pro forma calculated by Miami Dade Housing 2024
Contact AdvisorDevelopment Amenities
Development Amenities:
- Street Lights
Price History
| Date | Event | Price | Change Rate | Price Per |
|---|---|---|---|---|
| 03/18/2024 | Price Reduced | $1,900,000.00 | 7.3% | $424.20 ft2/$4,566.07 m2 |
| 02/06/2024 | Price Reduced | $2,050,000.00 | 2.4% | $457.69 ft2/$4,926.55 m2 |
| 01/15/2024 | Price Reduced | $2,100,000.00 | 2.3% | $468.85 ft2/$5,046.71 m2 |
| 10/27/2023 | Price Reduced | $2,150,000.00 | 6.5% | $480.02 ft2/$5,166.87 m2 |
| 09/01/2023 | Listed | $2,300,000.00 | $513.51 ft2/$5,527.35 m2 |
Features
Property Details for 12240 NE 5th Ave, North Miami, FL 33161
Biscayne Park, Multifamily current status is ActiveUnderContract, 12240 NE 5th Ave is a Multifamily in , North Miami, FL 33161 with property MLS ID# A11446202.
This Multifamily has been listed on Best of Luxury Realty since September 01, 2023 and is currently priced at 1,900,000. This property was built in 1951.
- Bedrooms
- Bedrooms: No info
- Bedroom Description: No info
- Bathrooms
- Full Bathrooms:
- Half Bathrooms: No info
- Master Bathroom Description: No info
- Exterior and Lot Features
- Exterior Features: Barbecue, Patio
- View: No info
- Interior, Heating and Cooling
- Interior Features: No info
- Appliances: No info
- Heating Description: Other
- Cooling Description: No info
- Building and Construction
- Floor Description: Ceramic Tile, Tile
- Windows/Treatment: No info
- Construction Type: Block
- Year Built: 1951
- Style: Fourplex
- Waterfront and Water Access
- Waterfront Property: No info
- Waterfront Frontage: No info
- Waterfront Description: No info
- Water Access: No info
- Water Description: No info
- School Information
- Elementary School: No info
- Middle School: No info
- High School: No info
- Other Property Info
- Community Name: Biscayne Park
- Subdivision Name: BISCAYNE PARK ESTATES
- Property Type: Multifamily
- Property Subtype: Residential Income
- Type of Association: Homeowners
- Garage Spaces: No info
- Listing Date: 09/01/2023
- Area: 22
- Brokered By: Mia MGMT Group, LLC.
- Taxes, Fees & More
- Maintenance/HOA Fees: No info
- Taxes (PLEASE NOTE THAT: Property taxes on resale can vary and prorated at approximately 2.0% of the purchase price and/or assessed market value. Tax rates differ between municipalities and may vary depending on location and usage): $14,702.00 (2022)
Nearest Schools
Mortgage Calculator
Property Price:
$1,900,000.00
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Area Specialist
Buyer/Tenant EtiquetteAdbutler placeholder
Tracey Schmitt
Real Estate Advisor
Office: (305) 407-1657
Specialties:
Luxury Oceanfront Communities, Waterfront Single Family Homes
Memberships:
Master Brokers, Luxury Real Estate Marketing, Million Dollar Guild
This property is courtesy of the Mia MGMT Group, LLC.. This listing has been viewed 7 times. The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker's logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of Realtors and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.
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*Decrease/Increase: Listing values that are being calculated based on recorded price changes.
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