North Miami, FL 33161 14280 NE 6th Ave
$3,895,000
17 more
Presented By: This listing is courtesy of Fausto Commercial Realty Consultants Inc;
Beds • 19
Baths • 19
SQFT • 10,811
Home Details
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.
Presented By: This listing is courtesy of Fausto Commercial Realty Consultants Inc;
Interior Features for 14280 NE 6th Ave
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
FlooringTerrazzo, Tile, Vinyl
Heating Y/NNo
Window FeaturesImpactGlass
General for 14280 NE 6th Ave
Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityNorth Miami
Construction MaterialsBlock
CoolingOther
CountyMiami-Dade
Garage Y/NNo
HOANo
HeatingOther
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal Description19 52 42 RUCKS PARK PB 44-97 LOT 7 & LOT 8 LESS S21FT BLK 1 LOT SIZE 17416 SQUARE FEET OR 20761-1057/21649-376 1002 6 COC 22011-2089 01 2004
LevelsTwo
Listing TermsCash, Conventional, Other
Lot Size Square Feet17416.0
Lot Size UnitsSquareFeet
MLS Area22
MobileHomeRemainsYNNo
New ConstructionNo
Number Of Units Total19
Occupancy TypeTenant
Ok to LeaseThirtySixMonths
PossessionClosingAndFunding
PostalCityNorth Miami
Property Attached Y/NNo
Property Sub Type AdditionalMultiFamily
Property SubtypeMultiFamily
Property TypeCommercialSale
Rent Control Y/NNo
RoofBuiltUp
Security FeaturesSecurityGate, SmokeDetectors
Senior Community Y/NNo
SewerPublicSewer
Showing InstructionsCall Listing Agent
Standard StatusActive
StatusActive
Stories Count2
Structure TypeApartment
Tax Annual Amount57594.0
Virtual TourClick here
Year Built1959
Zoning Description3800
Exterior for 14280 NE 6th Ave
Building Area Total10811.0
Covered Spaces0.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Area17416.0
Number of Buildings1
Private PoolNo
SpaNo
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Ingrid Catalina Garcia Mercado
Realtor®
