13155-13175 NE 6th Ave - Apartments FOR SALE


North Miami, FL 33161
$6,800,000 USD
305-510-6627
13155-13175 NE 6th Ave, North Miami, FL for Sale
$6,800,000 USD
Apartments - FOR SALE
1/20
null | 7.55% Cap Rate

13155-13175 NE 6th Ave
North Miami, FL 33161


OVERVIEW

Fausto Commercial Realty, as the exclusive listing agent, proudly presents Salem House for sale. Located in the heart of North Miami, Salem House is a 32-unit apartment complex featuring a desirable unit mix: 15 one-bedroom/one-bathroom apartments, 15 two-bedroom/one-bathroom apartments, and 2 two-bedroom/two-bathroom apartments. Residents enjoy spacious living spaces, on-site laundry facilities and convenient parking. Salem House is ideally situated at 13155 NE 6th Avenue, nestled between Northeast 125th Street and Northeast 135th Street, two key east-west corridors in northeast Miami-Dade County. The property offers easy access to major thoroughfares, including Interstate 95 and Biscayne Boulevard, making travel throughout Miami effortless. The property is available for $7,800,000, which translates to $243,750 per unit or approximately $250 per square foot. With many tenants currently on month-to-month leases, a new owner has the opportunity to quickly adjust rents to market rates, potentially enhancing returns. ASSUMABLE FINANCING AVAILABLE: 52% LTV, 3.95% interest rate, maturity in 2029.

FOR SALE DETAILS

PRICE

$6,800,000 USD

PRICE/SF

$276 USD /SF

# OF UNITS

32

PRICE/UNIT

$212,500

CAP RATE

7.55%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Salem House

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,333 SF

ZONING

R-5

APN/PARCEL ID

06-2230-020-0110

ASK ABOUT THIS PROPERTY

Vicente RodriguezFausto Commercial Realty ConsultantsMore Info
305-510-6627

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Vicente RodriguezFausto Commercial Realty ConsultantsMore Info
305-510-6627

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