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$1,150,000 • living size area 3819 sqft
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.Gelfand Realty Miami Properties for Sale - Multi Family for Sale
Back 13200 NE 6TH AVE, NORTH MIAMI, FL 33161
Multi Family - GRIFFING BISCAYNE PK ESTA for Sale
13200 NE 6TH AVE, NORTH MIAMI, FL 33161
Asking Price$1,150,000 Change Price$200,000
Share by:
- Living 3819sqft
- Taxes $12,154
- Year Built 1960
-
Days on market:
14 day(s) -
Adjusted Area:
3690 sqft Original Price:
$1,350,000-
Price per sqft:
$301.13 Tax Legal Description:
30 52 42 GRIFFINGS BISCAYNE PK ESTS RESUB OF BLK 39 PB 15-13 LOT 1 BLK 39 LOT SIZE 8420 SQUARE FEET OR 13284-713 0587 3 COC 22695-1361 09 20Tax Year:
2022-
MLS:
A11482389 -
Property Type:
Multi Family -
Style:
Duplex
Construction Type:
Cbs ConstructionRoof:
Flat TileCooling Description:
ElectricHeating Description:
ElectricFloor Description:
TileLot Features:
Less Than 1/4 Acre LotType of Association:
None
