- MLS® #: A11446202
- 12240 Ne 5th Ave
- North Miami, FL 33161-5444
- $1,900,000
- 4,479 SqFt
- Income
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
View Virtual TourEssential Information
- MLS® #A11446202
- Price$1,900,000
- CAD Dollar$2,599,485
- UK Pound£1,521,461
- Euro€1,776,614
- Bathrooms0.00
- Square Footage4,479
- Year Built1951
- TypeIncome
- Sub-TypeQuadruplex
- StyleFourplex
- StatusActive Under Contract
Community Information
- Address12240 Ne 5th Ave
- Area22
- SubdivisionBISCAYNE PARK ESTATES
- CityNorth Miami
- CountyMiami-Dade
- StateFL
- Zip Code33161-5444
Amenities
- UtilitiesCable Not Available
- FeaturesLaundry Facilities
Interior
- InteriorCeramic Tile, Tile
- HeatingOther
- CoolingOther
- # of Stories1
- StoriesOne
Exterior
- Exterior FeaturesBarbecue, Patio
- WindowsImpact Glass
- RoofOther, Shingle
- ConstructionBlock
- Office: Mia Mgmt Group, Llc.
Property Location
12240 Ne 5th Ave on www.jupiteroceanfronthomes.us
Offered at the current list price of $1,900,000, this home for sale at 12240 Ne 5th Ave features 0 bedrooms and 0 bathrooms. This real estate listing is located in BISCAYNE PARK ESTATES of North Miami, FL 33161-5444 and is approximately 4,479 square feet. 12240 Ne 5th Ave is listed under the MLS ID of A11446202 and has been on the North Miami real estate market for 230 days.The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the REALTOR® Association of Greater Miami and the Beaches, and is updated as of April 27th, 2024 at 7:30pm CDT (date/time).
All information is deemed reliable but not guaranteed by the MLS and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Waterfront Properties and Club Communities shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. © 2024 MLS of RAMB.
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing