2379 NE 172nd St - Apartments FOR SALE


North Miami Beach, FL 33160- Fulford Bythe Sea
$1,835,000 USD
305-525-4647
2379 NE 172nd St, North Miami Beach, FL for Sale
$1,835,000 USD
Apartments - FOR SALE
1/12
null | 5.42% Cap Rate

2379 NE 172nd St
North Miami Beach, FL 33160
Fulford Bythe Sea


HIGHLIGHTS

  • Two stories 6 Units BOUTIQUE BUILDING. Great location close to Aventura, beaches, parks, shopping centers, schools, hospitals.
  • New Metal Roof, Impact Windows and Doors and New Paint.
  • The unit mix is, 3 units 2/1 and 3 units 1/1. All units a steady cash flow. High demand for quality rentals in this Area
  • This Property has proven strong performance. One Year Leases in place, some long term tenants.
  • Low operating cost.
  • Additional Income with laundry room.

OVERVIEW

Two Story 6 Units BOUTIQUE BUILDING. Excellent location near Aventura, the Beaches, Parks, Shopping Centers, Schools, Hospitals, Bright line Train and Bus Stations. Great neighborhood. Half Block from Biscayne Boulevard. New Metal Roof, Impact Windows and Doors and New Paint. Remodeled interiors in 90% of the units. Central A/C and 6 parking spaces. CBS & Concrete Block construction building.The unit mix is, 3 units 2/1 and 3 units 1/1. All units a steady cash flow. High demand for quality rentals in this Area. This Property has proven strong performance. One Year Leases in place, some long term tenants. Low operating cost. Easy to operate. Additional Income with laundry room. DO NOT DISTURB TENANTS. Showing the Property by appoiments only. Please send me the Inquires via email or Text . Additional information Attached. Broker is co-owner of the property.

FOR SALE DETAILS

PRICE

$1,835,000 USD

PRICE/SF

$362 USD /SF

# OF UNITS

6

PRICE/UNIT

$305,833

CAP RATE

5.42%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,750 SF

ZONING

RM-23

APN/PARCEL ID

07-2209-005-0860

ASK ABOUT THIS PROPERTY

Ernesto BustamanteBustamante Investment Group LLCMore Info
305-525-4647

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Ernesto BustamanteBustamante Investment Group LLCMore Info
305-525-4647

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