12240 5th Ave ,Detached, Quadruplex, Biscayne Park Estates for Sale

12240 5th Ave for Sale

Price $1,390,000.00

  • Lot size 4479
  • Year Build 1951
  • Waterfront
  • Zip 33161
  • Style Detached
  • Parking Description
  • Pool Yes
  • Status Active
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Description

Potential 6% cash-flow (?cap rate?) with this 8-unit multifamily apartment income property in the City of North Miami, FL. Well maintained, renovated, & managed over the past five years. Walking distance to neighborhood cafes, shopping & services on NE 125th Street/Downtown City of North Miami. Conveniently located between Aventura, Biscayne Park & Miami Shores and minutes to the Beaches. Zoned R-5 with a wide range of potential uses including multifamily medium density, childcare centers, adult daycare/living facilities, hospitals, nursing, & convalescent homes. See attached Zoning Information & Survey & Plans for the potential addition of more units on the existing property. See attached financial and proforma summaries. Being sold AS-IS/WHERE-IS.

Text/message agent for showings via video tours of a selection of the units. Due to Covid, appointments for internal viewing during inspections & after accepted contract. Property fully leased. Do not disturb nor discuss sale with tenants.

BISCAYNE PARK ESTS BLKS 8 9 10 11 PB 5-107 LOT 24 BLK 8 LOT SIZE 15000 SQUARE FEET OR 18882-3051 11 1999 1 COC 24160-3301 09 2005 1

Less Than 1/4 Acre Lot

Potential 6% cash-flow (?cap rate?) with this 8-unit multifamily apartment income property in the City of North Miami, FL. Well maintained, renovated, & managed over the past five years. Walking distance to neighborhood cafes, shopping & services on NE 125th Street/Downtown City of North Miami. Conveniently located between Aventura, Biscayne Park & Miami Shores and minutes to the Beaches. Zoned R-5 with a wide range of potential uses including multifamily medium density, childcare centers, adult daycare/living facilities, hospitals, nursing, & convalescent homes. See attached Zoning Information & Survey & Plans for the potential addition of more units on the existing property. See attached financial and proforma summaries. Being sold AS-IS/WHERE-IS.

City:North Miami,Roof:1:Tar & Gravel Roof,Model:8 Unit Rental Income,Zoning:3700,Cooling:1:Wall/Window Unit(s),List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2001,Cooling Y N:1,Heating Y N:1,List Price:1390000,Listing Id:A11135514,Mls Status:Active,Year Built:1951,Directions:Text/message agent for showings via video tours of a selection of the units. Due to Covid, appointments for internal viewing during inspections & after accepted contract. Property fully leased. Do not disturb nor discuss sale with tenants.,Living Area:4479,Postal Code:33161,Street Name:5th Ave,Coordinates:1:25.8878867,Photos Count:11,Builder Model:8 Unit Rental Income,Building Name:BISCAYNE PARK ESTATES,Days On Market:23,Lot Size Units:Square Feet,M L S Area Major:Biscayne Park Estates,On Market Date:2021-12-13,Parcel Number:06-22-30-031-0250,Parking Total:10,Property Type:Residential Income,Rent Includes:1:Trash Collection,2:Water,Stories Total:1,Street Number:12240,M I A M I R E_ Style:Fourplex,Public Remarks:Potential 6% cash-flow (?cap rate?) with this 8-unit multifamily apartment income property in the City of North Miami, FL. Well maintained, renovated, & managed over the past five years. Walking distance to neighborhood cafes, shopping & services on NE 125th Street/Downtown City of North Miami. Conveniently located between Aventura, Biscayne Park & Miami Shores and minutes to the Beaches. Zoned R-5 with a wide range of potential uses including multifamily medium density, childcare centers, adult daycare/living facilities, hospitals, nursing, & convalescent homes. See attached Zoning Information & Survey & Plans for the potential addition of more units on the existing property. See attached financial and proforma summaries. Being sold AS-IS/WHERE-IS.,Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,Expiration Date:2022-06-30,Private Remarks:Text/message agent for showings via video tours of a selection of the units. Due to Covid, appointments for internal viewing during inspections & after accepted contract. Property fully leased. Do not disturb nor discuss sale with tenants.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Back On Market,Postal Code Plus4:5444,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:NE,Subdivision Name:BISCAYNE PARK ESTATES,8 Unit Rental Income,Tax Annual Amount:12254,Total Actual Rent:116460,Unparsed Address:12240 NE 5th Ave, North Miami FL 33161,Listing Agreement:Exclusive Right To Sell,Operating Expense:29229,Year Built Details:Resale,Building Area Total:4479,Building Area Units:Square Feet,Lot Size Square Feet:4479,M I A M I R E_ L P Amt Sq Ft:310.3371,Original List Price:1390000,Public Survey Range:22,Documents Available:1:Copy Of Lease(S),2:Existing Survey,I D X Participation Y N:1,Net Operating Income:87231,Number Of Units Total:8,Syndication Remarks:Potential 6% cash-flow (?cap rate?) with this 8-unit multifamily apartment income property in the City of North Miami, FL. Well maintained, renovated, & managed over the past five years. Walking distance to neighborhood cafes, shopping & services on NE 125th Street/Downtown City of North Miami. Conveniently located between Aventura, Biscayne Park & Miami Shores and minutes to the Beaches. Zoned R-5 with a wide range of potential uses including multifamily medium density, childcare centers, adult daycare/living facilities, hospitals, nursing, & convalescent homes. See attached Zoning Information & Survey & Plans for the potential addition of more units on the existing property. See attached financial and proforma summaries. Being sold AS-IS/WHERE-IS.,Listing Contract Date:2021-12-13,Originating System I D:miamire,Public Survey Section:30,Showing Instructions:Appointment Only,See Broker Remarks,Street Number Numeric:12240,Tax Legal Description:BISCAYNE PARK ESTS BLKS 8 9 10 11 PB 5-107 LOT 24 BLK 8 LOT SIZE 15000 SQUARE FEET OR 18882-3051 11 1999 1 COC 24160-3301 09 2005 1,Public Survey Township:22,Construction Materials:1:CBS Construction,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Adjusted Area S F:4479,Contract Status Change Date:2021-12-13,Internet Address Display Y N:1,Number Of Units In Community:4,Internet Consumer Comment Y N:1,Dual Variable Compensation Y N:1,Transaction Broker Compensation:2%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:310.34,Internet Automated Valuation Display Y N:1,

  • Price $1,390,000.00
  • Price Change: 2021-12-13
  • Lot size sq. ft.
  • Price per sq.ft.
  • Year Build 1951
  • Waterfront
  • View
  • Pool Yes
  • Style Detached
  • Construction Concrete Block Construction, CBS Construction
  • Parking Description
  • Flooring Type Ceramic Floor
  • Property Type Residential Income
  • Status Active
  • Listed 2021-12-13
  • Days on Market 40
  • Furnished
  • City North Miami
  • Zip 33161
  • State Florida
  • Subdivision Biscayne Park Estates,8 Unit Rental Income
  • Development Name Biscayne Park Estates
  • HOA Fees
  • Taxes 12254
  • Taxes Year 2001