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13200 NE 6th Ave

North Miami, FL 33161
  • $1,150,000
  • STATUS: Active
  • ON SITE: 104 Days
  • MLS #: A11482389
UPDATED: 22 min ago
$1,150,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,819
    SQFT
  • $301
    $/SQFT
Type:
Multi-Family
Built:
1960
County:

School Ratings & Info

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% - 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.

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Copyright 2024, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2024-02-20T19:51:40.77.
www.villarrealre.com/homes/145077741
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13200 NE 6th Ave North Miami, FL 33161

  • Price: $1,150,000
  • Status: Active
  • On Site: 104 Days
  • Updated: 22 min ago
  • MLS #: A11482389
0
Beds
0
Baths
0
½ Baths
N/A
Acres
3,819
SQFT
$301
$/SQFT
1960
Built
Neighborhood:
Griffing Biscayne Pk Esta
County:
Miami-Dade
Area:
Griffing Biscayne Pk Esta
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% - 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.
Exterior Features

Architectural Style AttachedOther Construction Materials CBS Construction Lot Features Less Than 1/4 Acre Lot Parking Total 6 Pool Private YN No Roof Flat Tile View YN No Waterfront YN No

Interior Features

Adjusted Square Footage 3690 Building Area Total 3819 Cooling Electric Flooring Tile Heating Electric Heating YN Yes Stories 1

Property Features

Association YN No Building Name GRIFFING BISCAYNE PK ESTA Cooling YN Yes Documents Available Accounting StatementsFinancial StatementInvestment AnalysisOther Available Information Horse YN No Listing Terms Cash New Construction YN No Property Sub Type Duplex Public Survey Section 30 Rent Includes GasHot WaterGardenerSewerTrash CollectionWater Sewer Public Sewer Structure Type Duplex Tax Annual Amount 12154 Tax Year 2022 Type Of Association None Water Source Municipal Water Year Built Details Resale Zoning 3800

Listing courtesy of Douglas Elliman: .


Copyright 2024, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2024-02-20T19:51:40.77.
 
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Villarreal Group | Keller Williams Capital Realty
550 Biltmore Way, PH 2
Coral Gables FL, 33134