Nest Seekers

Presenting Royal Oak Apartments, an expertly stabilized and freshly renovated 19 unit multifamily investment in the supply constrained North Miami sub market.

North Miami, FL 33161

Listing

Web ID:5187644
Website:https://www.nestseekers.com/5187644

Property

Ownership: For Sale
Type: Unknown

Financials

Price:$3,769,000
Annual Taxes:$60,446

Description

Presenting Royal Oak Apartments, an expertly stabilized and freshly renovated 19-unit multifamily investment in the supply-constrained North Miami sub-market. Offering diversified unit typologies, reliable in-place income with majority market-rate tenancies, recent comprehensive renovations, and long-term durability with completed 40-Year Recertification, this asset delivers turnkey performance with curb appeal that lasts. The property has undergone a capital improvement overhaul, with extensive property-wide interior & exterior upgrades designed to support stable operations and long-term performance. Impact glass throughout and private terraces in select units enhance the property’s modern aesthetic, attracting tenants and supporting consistently high occupancy levels. This is a rare opportunity to acquire for $199K/door a full renovated and stabilized asset. Locationally supreme, North Miami is a submarket benefiting from strong renter demand, limited new multifamily supply, and equidistant proximity to major employment corridors and regional connectors as Biscayne Boulevard, NE 125 ST, NE 163 ST, and I-95.
Virtual Tour: https://www.propertypanorama.com/instaview/mia/A11933823

Contact

Miami, FL
888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Phone: +1 305-203-4555
Fax: +1 305-675-0745
jm@nestseekers.com
Listing Courtesy of The Alpha Commercial Advisors LLC
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