FL > North Miami > Biscayne Park Estates
North Miami, FL 33161,12240 NE 5th Ave
North Miami, FL 33161,12240 NE 5th Ave
North Miami, FL 33161,12240 NE 5th Ave
North Miami, FL 33161,12240 NE 5th Ave
North Miami, FL 33161,12240 NE 5th Ave
North Miami, FL 33161,12240 NE 5th Ave
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Tony Giglio

Tony Giglio

$ 1,900,000
Est. payment | /mo

4,479 SqFt

Save Virtual Tour
$ 1,900,000
Est. payment | /mo
Save Virtual Tour

4,479 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 4,479 sqft

Price per Sqft $424

Subdivision Biscayne Park Estates

MLS Listing ID A11446202

Style Fourplex

Construction Status Resale

HOA Y/N No

Year Built 1951

Annual Tax Amount $14,702

Tax Year 2022

Contingent Other

Property Description

Million-Dollar Neighborhood! Presenting an impeccable 8-unit multifamily apartment income property located in the vibrant City of North Miami, FL, in the heart of the Biscayne Park area. One of the unique features of this property is its value-add potential, as it has the right to build an additional up to 14 unit and add 6 units to the existing structure, plans available could significantly boost cash flow. Additionally, it has recently passed the 40-year certification, ensuring structural integrity. Many upgrades, including impact windows, have been carried out. Great opportunity SELLER FINANCE UP TO 30 %It is rented 25% below market value. Pro forma calculated by Miami Dade Housing 2024

Location

State FL

County Miami-dade

Community Biscayne Park Estates

Area 22

Interior

Heating Other

Cooling Other

Flooring Ceramic Tile, Tile

Window Features Impact Glass

Exterior

Exterior Feature Barbecue, Patio

Pool None

Community Features Laundry Facilities

Utilities Available Cable Not Available

Waterfront No

Roof Type Other,Shingle

Porch Patio

Total Parking Spaces 12

Building

Lot Description < 1/4 Acre

Story 1

Sewer Public Sewer

Water Public

Architectural Style Fourplex

Level or Stories One

Structure Type Block

Construction Status Resale

Others

Tax ID 06-22-30-031-0250

Acceptable Financing Cash, Conventional, 1031 Exchange, Other

Listing Terms Cash, Conventional, 1031 Exchange, Other

Special Listing Condition Listed As-Is

Listed by Mia MGMT Group, LLC.

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Tony Giglio

Principal Broker | License ID: 3588319

Principal Broker License ID: 3588319

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