USAFLNorth Miami14280 Ne 6Th Ave
14280 Ne 6 Th Ave, Home with 0 bedrooms, 0 bathrooms and null parking in NORTH MIAMI FL | Image 1
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$3,895,000

14280 Ne 6 Th Ave, North Miami, FL

Real Estate

For Sale

$--,---,---
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  • Key Facts
  • Description
  • Map

Key Facts

Type Income/MultiFamily
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $57,594
Days Active 1
Approx. Age 1959
MLS® Number A11837979

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Welcome to Royal Oaks Apartments, a turnkey 19-unit multifamily gem in North Miami. This fully renovated property includes 16 one-bed/one-bath units and 3 spacious studios, all featuring mini split ACs, new flooring, modern kitchens, impact windows/doors, stylish bathrooms, recessed lighting, and private balconies in most units. The property offers onsite parking, individual electric meters, an onsite laundry facility, secured entrances, and surveillance. The 40-year certification is completed, and the roof has been resealed, ensuring minimal CapEx. Fully occupied, it generates nearly $380, 000 annually, providing a 7% Cap rate return with potential for increased returns by adjusting rents to market rates. Situated on a 0.40-acre lot, it allows for up to 40 units to be built if redeveloped.Show Description
MLS® NumberA11837979
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1959
Stories2
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatOther
A/COther
Heating Fuel

Extras

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