12195 NE 11th Pl, North Miami, FL 33161
sale
$1,050,000
|
Other
Courtesy Of Julie's Realty, LLC
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.
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Property Features
- Age: Over 50 Years Old
- Building Units: 6
- Cooling System: Window Unit(s)
- Cooling System: Wall/Window Unit(s)
- Exterior Type: Block
- Exterior Type: CBS (Concrete Block Structure)
- Floors: 1
- Legal Description: 29 52 42 PALOMAR SUB PB 7-158 LOT 6 BLK 4 LOT SIZE 50.000 X 135 OR 14286-4282 1089 1
- MLSID: A12119821
- Parking Spaces: 6
- Roof Type: Shingle
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