Property Details
| Asking Price | $3,690,000 |
|---|---|
| Price per SqFt | — |
| Maintenance fee | Inquire |
| Property Taxes | $60,446 |
| Interior Space | — |
| Beds/Baths | —/— |
| Year Built | 1959 |
| Lot Size | 0.40 acres |
| MLS # | A11933823 |
Estimated Costs
An estimate of condo or HOA fees and property taxes
Monthly carry is not computed when the association fee or the taxes are not provided.
From the listing
Presenting Royal Oak Apartments, an expertly stabilized and freshly renovated 19-unit multifamily investment in the supply-constrained North Miami sub-market.Offering diversified unit typologies, reliable in-place income with majority market-rate tenancies, recent comprehensive renovations, and long-term durability with completed 40-Year Recertification, this asset delivers turnkey performance with curb appeal that lasts.The property has undergone a capital improvement overhaul, with extensive property-wide interior & exterior upgrades designed to support stable operations and long-term performance. Impact glass throughout and private terraces in select units enhance the property’s modern aesthetic, attracting tenants and supporting consistently high occupancy levels. This is a rare opportunity to acquire for $199K/door a full renovated and stabilized asset.Locationally supreme, North Miami is a submarket benefiting from strong renter demand, limited new multifamily supply, and equidistant proximity to major employment corridors and regional connectors as Biscayne Boulevard, NE 125 ST, NE 163 ST, and I-95.Price Per Door: $194,737In-Place CAP: 6.2%Pro-Forma CAP: 6.9%Current Occupancy: 95%
Listed by The Alpha Commercial Advisors LLC
Sales History for This Home · 14280 NE 6th Avenue, North Miami, FL 33161
Sales history is unavailable for this property
Listed by The Alpha Commercial Advisors LLC. Mark Zilbert of ONE Sotheby's International Realty is a cooperating (transaction) broker and helps buyers find properties in North Miami and throughout South Florida.
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Location
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