14280 NE 6th Ave, North Miami FL 33161,North Miami,Miami-Dade County,Commercial Sale
Overview
- Income/MultiFamily
- 1959
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.
Address
Open on Google Maps- Address 6th Ave
- City North Miami
- State/county Miami-Dade County
- Zip/Postal Code 33161
Details
Updated on May 19, 2025 at 7:41 pm- Property ID: A11625158
- Price: $3,950,000
- Year Built: 1959
- Property Type: Income/MultiFamily
- Property Status: Commercial Sale
Features
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