Nest Seekers

Six unit apartment building for sale in North Miami, FL 33161.

12195 11th Place
North Miami, FL 33161

Listing

Web ID:5845136
Website:https://www.nestseekers.com/5845136

Property

Ownership: For Sale
Type: Multi-Family
Lot Size: 0.2 Acres

Financials

Price:$1,050,000
Annual Taxes:$19,827

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.

Amenities

  • Other
  • Sewer Available
  • Single-story exterior featuring masonry construction, flat roofline, integrated masonry planter, and designated surface parking area
  • Exterior featuring a low-pitch roofline, red masonry accents, and mature shade trees
  • Single-story exterior featuring a low-slope roof, painted stucco facade, decorative red tile-work accents, and an expansive paved off-street parking a
  • Single-story exterior featuring painted masonry walls, decorative red block accents, a low-pitch roof, and paved parking area
  • Aerial perspective of a multi-unit property featuring a shingled gable roof and mature trees on the surrounding grounds
  • Aerial perspective featuring a rectangular structure with a shingled roof and exterior parking areas surrounded by mature tree canopy
  • Aerial perspective featuring a shingled roofline, established canopy of mature trees, and urban skyline backdrop

Location

12195 11th North Miami FL 33161 USA

Contact

Deborah L. Ginsburg
150 Worth Ave, Palm Beach, FL 33480
Listing Courtesy of Julies Realty, LLC