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14280 NE 6th Ave
$3,950,000
14280 NE 6th Ave, North Miami, FL 33161
280,406
NOI
10,811 sqft
Building Size
Details:
Highlights:
- Gross Income: 378084
- Number Of Buildings: 1
- Documents Available: Aerial Photo(S), Investment Analysis, Photos, Rent Rolls
- Cooling: Other
- Heating: Other
- Flooring: Terrazzo, Tile, Vinyl
- Security Features: Smoke Detector(s), Security Gate
Description:
Welcome to Royal Oaks Apartments, a turnkey 19-unit multifamily gem in North Miami. This fully renovated property includes 16 one-bed/one-bath units and 3 spacious studios, all featuring mini split ACs, new flooring, modern kitchens, impact windows/doors, stylish bathrooms, recessed lighting, and private balconies in most units. The property offers onsite parking, individual electric meters, an onsite laundry facility, secured entrances, and surveillance. The 40-year certification is completed, and the roof has been resealed, ensuring minimal CapEx. Fully occupied, it generates nearly $380,000 annually, providing a 7% Cap rate return with potential for increased returns by adjusting rents to market rates. Situated on a 0.40-acre lot, it allows for up to 40 units to be built if redeveloped.
Location
Gallery
