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Under Contract444 Days
$1,900,000

12240 NE 5th Ave
North Miami, FL 33161

Income For Sale
4,479 Sq. Ft.
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    Mia MGMT Group, LLC.

    Description for 12240 NE 5th Ave, North Miami, FL 33161

    For Sale> Miami-Dade County> North Miami> 33161

    Million-Dollar Neighborhood! Presenting an impeccable 8-unit multifamily apartment income property located in the vibrant City of North Miami, FL, in the heart of the Biscayne Park area. One of the unique features of this property is its value-add potential, as it has the right to build an additional up to 14 unit and add 6 units to the existing structure, plans available could significantly boost cash flow. Additionally, it has recently passed the 40-year certification, ensuring structural integrity. Many upgrades, including impact windows, have been carried out. Great opportunity SELLER FINANCE UP TO 30 %It is rented 25% below market value. Pro forma calculated by Miami Dade Housing 2024

    Property Details

    Listing Details
    Under Contract
    Income
    Fourplex
    Listed As-is
    For Sale
    A11446202
    $1,900,000
    09/01/2023
    4,479 Sqft
    1951
    $1,900,000
    $1,900,000
    230
    3419240
    Fourplex
    4,479 Sqft
    12
    Location Information
    US
    FL
    Miami-Dade County
    North Miami
    33161
    1094014
    5th Ave
    12240
    5444
    W81° 48' 42.6''
    N25° 53' 16.5''
    12240 NE 5th Ave
    22
    NE
    Interior Features
    Tile,Ceramic Tile
    Impact Glass
    Exterior Features
    Patio
    Patio,Barbecue
    Shingle,Other
    Block
    Land Info
    < 1/4 Acre
    06-22-30-031-0250
    Utilities
    Other
    Other
    Public Sewer
    HOA Info
    1
    Laundry Facilities
    Rental Info
    Other
    Tax Info
    BISCAYNE PARK ESTS BLKS 8 9 10 11 PB 5-107 LOT 24 BLK 8 LOT SIZE 15000 SQUARE FEET OR 18882-3051 11 1999 1 COC 24160-3301 09 2005 1
    $14,702
    2022
    Listing Information
    Mia MGMT Group, LLC.
    Nicolas Vicente
    230
    MGMT01
    Sefmiami
    $2,300,000
    No
    BISCAYNE PARK ESTATES
    Cable Not Available
    Public
    Virtual Tours

    Price History

    Source: MLS
    DateEventPriceSource
    2024-04-20 03:15:30Under Contract$1,900,000MLS
    2023-09-01Under Contract$2,300,000MLS
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    Walk Score

    Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.

    Walk Score

    4

    Bike Score

    7

    Transit Score

    3

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