11520 NE 6th Ave - Apartments FOR SALE


Biscayne Park, FL 33161
$3,100,000 USD
718-207-3198
11520 NE 6th Ave, Biscayne Park, FL for Sale
$3,100,000 USD
Apartments - FOR SALE
1/9
null | 5.02% Cap Rate

11520 NE 6th Ave
Biscayne Park, FL 33161


HIGHLIGHTS

  • One of only 2 multifamily buildings in Biscayne Park.
  • Right next to Miami Beach

OVERVIEW

This 12-unit boutique building is located in the heart of North Miami, small city of Biscayne Park, just a few blocks from shops such as Whole Foods, Publix, Home Depot, CVS, Walgreens and more. Biscayne park has only private houses except for two 2-story apartment buildings, one of which is this one. The building consists of 12 studios. Most units feature upgrades consisting of new flooring, updated kitchens, bathrooms and appliances. The property features on-site laundry room and a large parking area. The building offers an investor the opportunity to purchase a greatly located stable cash flowing asset with potential rent increase. The investment opportunity offers amazing rents on day one with the ability to increase rents significantly in a location that simply cannot be beaten.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$509 USD /SF

# OF UNITS

12

PRICE/UNIT

$258,333

CAP RATE

5.02%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1939

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

RU-1, Biscayne Park

APN/PARCEL ID

17-2230-031-0990

ASK ABOUT THIS PROPERTY

Sergey SandlerDr. SandlerMore Info
718-207-3198

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Sergey SandlerDr. SandlerMore Info
718-207-3198

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.