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


Property

Website:https://www.nestseekers.com/5187644
Address:
North Miami, FL 33161
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.

Contact

888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of The Alpha Commercial Advisors LLC