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12195 Ne 11th Pl, North Miami, FL 33161

$1,050,000

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List Price: $1,050,000
MLS#: A12119821
Status: ACTIVE
Type: Commercial

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Property Description

Six-unit apartment building for sale in North Miami, FL 33161. Fully leased value-add multifamily, 1959 CBS construction, 3,502 SF on a 6,750 SF lot. Roof and AC both replaced within the last five years, so capital goes into interiors instead of major systems. Six separate electric meters are tenant-paid, one water meter owner-paid. Every unit has a private exterior entry, no common corridors and no elevator. On-site striped parking. In-place rents are below market for comparable North Miami units, with upside on turnover. Minutes to Biscayne Boulevard, FIU Biscayne Bay, the 125th Street corridor and I-95. Small multifamily rarely trades in this pocket. Full listing package with rent roll and financial summary is attached.

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Additional Information

Days on Market: 1
Tax Amount: $19,827
Water Access: Building & Land, Leases
Parcel Number: 06-22-29-031-0470
Lot Size: 6,750
Address: 12195 Ne 11th Pl, North Miami
Year Built: 1959
Section: 29