$1,600,000
North Miami, FL 33161
MLS# A11446202
Status: Closed
4479 sqft
1 / 14
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
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2023-09-01
Status: Closed
Original List Price: 2300000
Sold Price: $1,600,000
Current Price: $1,600,000
Location and Legal
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
City Name: North Miami
Municipal Code: 6
Postal Zip: 33161
Development Name: 8 Unit Rental Income
Subdivision Number: 31
Multiple Offers Accepted: Yes
Special Assessment YN: No
Flood Zone: AE,X
Country: United States
Street Number: 12240
Street Direction Prefix: NE
Street Name: 5th
Street Suffix: Avenue
State Or Province: FL
Postal Code: 33161
Postal Code +4: 5444
Subdivision Name: BISCAYNE PARK ESTATES
Area: 2220
Parcel Number: 0622300310250
Zoning: 3700
General Property Information
Number Of Units Total: 4
Adjusted Area Main: 2338
Living Area Main: 4479
Parking Total: 12
Outdoor Living Spaces YN: Yes
Stories Total: 1
Pool Private YN: No
Property Sub Type: Quadruplex
Building Area Main: 4479
Year Built: 1951
Office/Member Information
DXORIGMLSID: SEF
Status Change Information
Buyer Financing: Cash
Major Change Timestamp: 2024-05-25T00:30:58Z
Major Change Type: Status Change
Price Change Timestamp: 2024-03-18T18:16:52Z
Status Change Date: 2024-10-18
Under Contract Date: 2024-04-18
Close Date: 2024-05-24
Close Price: 1600000
Exterior Features
Barbecue: 1
Flooring
Ceramic Tile: 1
Tile: 1
Property Condition
Resale: 1
Documents Available
Copy Of Lease(s): 1
Existing Survey: 1
Investment Analysis: 1
Other Available Information: 1
Rent Rolls: 1
Structure Type
Multi Family: 1
Possession
Other: 1
Sewer
Public Sewer: 1
Utilities
Cable Not Available: 1
Heating
Separate Meters: 1
Other: 1
Construction Materials
Block: 1
Laundry Features
Outside: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Other: 1
Roof
Shingle: 1
Other: 1
Water Source
Public: 1
Income and Expenses
Gross Income: 6900
Cooling
Other: 1
Tax Information
Tax Reflects No Exemptions: 1
Outdoor Living Spaces
Patio: 1
Contingencies
Other: 1
Buyer Details
Intended Use: Investment
Concessions
Seller Concessions: No
Unit 1 Appliances
Range: 1
Unit 1 Details
Actual Rent: 1800
Baths Full: 1
Beds Total: 1
Efficiency YN: No
Furnished: Unfurnished
Unit 1 Lease Description
Currently Leased YN: Yes
Unit 1 Parking Features
Open Parking: 1
Unit 2 Details
Actual Rent: 1800
Baths Full: 1
Beds Total: 2
Efficiency YN: No
Furnished: Unfurnished
Unit 2 Lease Description
Currently Leased YN: Yes
Unit 2 Parking Features
Open Parking: 1
Unit 3 Details
Actual Rent: 1800
Baths Full: 1
Beds Total: 1
Efficiency YN: No
Furnished: Unfurnished
Unit 3 Lease Description
Currently Leased YN: Yes
Unit 3 Parking Features
Open Parking: 1
Unit 4 Details
Actual Rent: 1500
Baths Full: 1
Beds Total: 1
Efficiency YN: No
Furnished: Unfurnished
Unit 4 Lease Description
Currently Leased YN: Yes
Unit 4 Parking Features
Open Parking: 1
Price Calculations
Current Price To SqFt: 357.22
Section Details
Parcel Number MLX: 0250
Financial Information
Tax Annual Amount: 14702
Tax Year: 2022
Tax Legal Description: BISCAYNE PARK ESTS BLKS 8 9 10 11 PB 5-107 LOT 24 BLK 8 LOT SIZE 15000 SQUARE FEET OR 18882-3051 11 1999 1 COC 24160-3301 09 2005 1
Originating Details
Originating System Key: 385838243
Originating System ID: M00000151
Property Features
Documents Available: Copy Of Lease(s); Existing Survey; Investment Analysis; Other Available Information; Rent Rolls
Exterior Features: Barbecue
Flooring: Ceramic Tile; Tile
Property Condition: Resale
Structure Type: Multi Family
Construction Materials: Block
Cooling: Other
Heating: Separate Meters; Other
Laundry Features: Outside
Listing Terms: 1031 Exchange; Cash; Conventional; Other
Possession: Other
Roof: Shingle; Other
Sewer: Public Sewer
Tax Information: Tax Reflects No Exemptions
Utilities: Cable Not Available
Water Source: Public
Outdoor Living Spaces: Patio
Unit 1 Appliances: Range
Unit 1 Parking Features: Open Parking
Unit 2 Parking Features: Open Parking
Unit 3 Parking Features: Open Parking
Unit 4 Parking Features: Open Parking
Contingencies: Other
Listing Office: Mia MGMT Group, LLC.
Last Updated: August - 11 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
