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
Taxes
Visits
Year Built
Walkscore
MIAMI ASSOCIATION OF REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
