12195 NE 11th Pl, North Miami FL 33161
North Miami, FL 33161
$1,050,000
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- Price
- $1,050,000
- Building size
- 3,502
- Property type
- Income/MultiFamily
- Year built
- 1959
- Lot size (sq ft)
- 6,750
- MLS number
- A12119821
This listing is courtesy of Julies Realty, LLC, 305-751-6400.
About this property
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.
Details
- Property type
- Income/MultiFamily
- Year built
- 1959
- Lot size (sq ft)
- 6,750
Location
Listing information is deemed reliable but is not guaranteed accurate by MIAMI REALTORS®.
Newmar Brokerage, LLC