We are pleased to present Royal Oaks Apartments, a turnkey 19-unit multifamily gem located in the heart of North Miami. This fully renovated property includes 9 units that are 1 Bed/1 Bath each and 10 spacious studio units, all featuring mini split ACs, new flooring, modern kitchens, impact windows/doors, stylish bathrooms, recessed lighting, and most units have private balconies. The property offers onsite parking, individual electric meters, an onsite laundry facility, secured entrances, and surveillance, ensuring low expenses and maximum tenant convenience. The 40-year certification has been completed and the roof has been resealed, providing minimal CapEx in the years to come. Currently fully occupied, the property generates nearly $380,000 annually, offering a 7% Cap rate return from day one with potential for increased returns by adjusting rents to market rates. Situated on a 0.40-acre lot, the property allows for up to 40 units to be built as a potential redevelopment play, offering immediate returns and significant future potential.