Address
13200 NE 6th Ave, North Miami, FL
Price
$ 1,150,000
Property Attributes
- MLS#A11482484
- TypeCommercial
- CountyMIAMI-DADE
- CityNorth Miami
- Area22
- Zip33161
- StyleMultiFamily
- Year Built1960
- Taxes$ 12154
- Price$ 1,150,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage3819
- Lot Size8,420 SqFt
Data Source:
Southeast Florida MLS (SEFMLS)
Property Description
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.
| Price History | |
|---|---|
| 11/20/2023 | Listed $1,350,000 |
| 11/20/2023 | 15% - $1,150,000 |
General Features
| Additional Parcels Y/N | No |
|---|---|
| Association Y/N | No |
| Attached Garage | No |
| Carport Y/N | No |
| City | North Miami |
| Cooling | CentralAir |
| County | Miami-Dade County |
| Garage Y/N | No |
| Heating | Central, Electric |
| Home Warranty Y/N | No |
| Land Lease Y/N | No |
| Lease Considered Y/N | No |
| Lease Renewal Y/N | No |
| Legal Description | 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 |
| Listing Terms | Cash, Conventional |
| Lot Size Square Feet | 8420.0 |
| MLS Area | 22 |
| Mobilehomeremainsyn | No |
| New Construction | No |
| Occupancy Description | Tenant |
| Possession | ClosingFunding |
| Private Pool | No |
| Property Attached Y/N | No |
| Property Sub Type Additional | MultiFamily |
| Property SubType | MultiFamily |
| Property Type | CommercialSale |
| Rent Control Y/N | No |
| Senior Community Y/N | No |
| Standard Status | Active |
| Status | Active |
| Street Name | 6th Ave |
| Structure Type | MultiFamily |
| Tax Annual Amount | 12154.0 |
| Tax Year | 2022 |
| Tenant Pays | Electricity |
| Total Units | 6 |
| View Y/N | No |
| Virtual Tour | https://www.propertypanorama.com/instaview/mia/A11482484 |
| Waterfront Y/N | No |
| Year Built | 1960 |
| Year Built Details | Resale |
| Zoning Description | 3800 |
| ok to Lease | MonthToMonth |
Interior Features
| Air Conditioning Y/N | Yes |
|---|---|
| Basement (Y/N) | No |
| Electric On Property Y/N | No |
| Fireplace Y/N | No |
| Heating Y/N | Yes |
Exterior Features
| Showinginstructions | 24 Hour Notice, Appointment Only |
|---|---|
| Building Area Total | 3819.0 |
| Covered Spaces | 0.0 |
| Crops Included Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
| Lot Size Area | 8420.0 |
| Lot Size Units | SquareFeet |
| Open Parking Y/N | No |
| Parking Features | Assigned |
| Spa | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 33161
Price
Taxes
Visits
Year Built
Walkscore
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