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
AVG $1.72M
$1.15M
Taxes
AVG $22,641
$12,154
Visits
AVG 115
23
Data Provided by Inside Real Estate®
Year Built
AVG 1963
1960
Walkscore
AVG 66
82
Data Provided by Walkscore® not using MLS data

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