12195 NE 11th Place, North Miami, FL 33161

$1,050,000

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List Price
$1,050,000
Days on Market
2
MLS#
A12119821
Year Built
1959
Acres
0.16
MLS Area Major
2220

Property Description

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.

Additional Information

Taxes
$19,827
Zoning
3700
Utilities
Sewer Available
Air Conditioning
Wall/Window Unit(s)
Exterior Construction
CBS (Concrete Block Structure), Block
Roof
Shingle

Listing courtesy of Julies Realty, LLC.

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