13200 6th Ave ,Duplex, Griffing Biscayne Pk Esta for Sale

13200 6th Ave for Sale

Price $1,150,000.00

• Lot size 3819
• Year Build 1960
• Waterfront
• Zip 33161
• Style Attached, Other
• Parking Description
• Pool Yes
• Status Active

Description

This 6-unit boutique multifamily building is located in one of the best areas in North Miami. Property is in excellent condition with long-standing tenants, fully occupied. All 6-units are 1 bed / 1 bath, each come with 1-assigned parking, all rented at $1,250 per month (market rent is $1,600 to $1,700), all tenants are on month to month, no long term leases. This property provides a steady cash flow with gross rental income of $90,000 per year with a potential to increase to $115,000 to $125,000 per year once rent prices are increased to market rents. Current CAP 3.93% - projected CAP 5.79%. Very low turnover in this building and easily rented if one becomes available. Utility room located onsite where a Washer/Dryer can be added for extra income, current owner does not use utility room.

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls= Contact LA David Vazquez for information (786)897-9970

30 52 42 GRIFFINGS BISCAYNE PK ESTS RESUB OF BLK 39 PB 15-13 LOT 1 BLK 39 LOT SIZE 8420 SQUARE FEET OR 13284-713 0587 3 COC 22695-1361 09 20

Less Than 1/4 Acre Lot

This 6-unit boutique multifamily building is located in one of the best areas in North Miami. Property is in excellent condition with long-standing tenants, fully occupied. All 6-units are 1 bed / 1 bath, each come with 1-assigned parking, all rented at $1,250 per month (market rent is $1,600 to $1,700), all tenants are on month to month, no long term leases. This property provides a steady cash flow with gross rental income of $90,000 per year with a potential to increase to $115,000 to $125,000 per year once rent prices are increased to market rents. Current CAP 3.93% - projected CAP 5.79%. Very low turnover in this building and easily rented if one becomes available. Utility room located onsite where a Washer/Dryer can be added for extra income, current owner does not use utility room.

City:North Miami,Zoning:3800,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2022,Latitude:25.8965734,Cooling Y N:1,Heating Y N:1,List Price:1150000,Listing Id:A11482389,Longitude:-80.1870262,Mls Status:Active,Year Built:1960,Living Area:3819,Postal Code:33161,Street Name:6th Ave,Coordinates:1:25.8965734,Photos Count:40,Building Name:GRIFFING BISCAYNE PK ESTA,Days On Market:14,Listing Terms:1:Cash,2:Conventional,Lot Size Units:Square Feet,M L S Area Major:Griffing Biscayne Pk Esta,On Market Date:2023-11-07,Parcel Number:06-22-30-035-0010,Parking Total:6,Property Type:Residential Income,Rent Includes:1:Hot Water,2:Gardener,3:Sewer,4:Trash Collection,5:Water,Stories Total:1,Street Number:13200,M I A M I R E_ Style:Duplex,Public Remarks:This 6-unit boutique multifamily building is located in one of the best areas in North Miami. Property is in excellent condition with long-standing tenants, fully occupied. All 6-units are 1 bed / 1 bath, each come with 1-assigned parking, all rented at $1,250 per month (market rent is $1,600 to $1,700), all tenants are on month to month, no long term leases. This property provides a steady cash flow with gross rental income of $90,000 per year with a potential to increase to $115,000 to $125,000 per year once rent prices are increased to market rents. Current CAP 3.93% - projected CAP 5.79%. Very low turnover in this building and easily rented if one becomes available. Utility room located onsite where a Washer/Dryer can be added for extra income, current owner does not use utility room.,County Or Parish:Miami-Dade County,List Office Name:Douglas Elliman,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:4026,Property Sub Type:Duplex,State Or Province:FL,Street Dir Prefix:NE,Subdivision Name:GRIFFING BISCAYNE PK ESTA,Tax Annual Amount:12154,Unparsed Address:13200 NE 6th Ave, North Miami FL 33161,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:3819,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:301.1259,Original List Price:1350000,Previous List Price:1350000,Public Survey Range:22,Architectural Style:1:Other,Documents Available:1:Financial Statement,2:Investment Analysis,3:Other Available Information,I D X Participation Y N:1,Number Of Units Total:6,Syndication Remarks:This 6-unit boutique multifamily building is located in one of the best areas in North Miami. Property is in excellent condition with long-standing tenants, fully occupied. All 6-units are 1 bed / 1 bath, each come with 1-assigned parking, all rented at $1,250 per month (market rent is $1,600 to $1,700), all tenants are on month to month, no long term leases. This property provides a steady cash flow with gross rental income of $90,000 per year with a potential to increase to $115,000 to $125,000 per year once rent prices are increased to market rents. Current CAP 3.93% - projected CAP 5.79%. Very low turnover in this building and easily rented if one becomes available. Utility room located onsite where a Washer/Dryer can be added for extra income, current owner does not use utility room.,Listing Contract Date:2023-11-07,Originating System I D:miamire,Public Survey Section:30,Showing Instructions:Appointment Only,Call Listing Agent,Street Number Numeric:13200,Tax Legal Description:30 52 42 GRIFFINGS BISCAYNE PK ESTS RESUB OF BLK 39 PB 15-13 LOT 1 BLK 39 LOT SIZE 8420 SQUARE FEET OR 13284-713 0587 3 COC 22695-1361 09 20,Public Survey Township:22,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:3%,M I A M I R E_ Adjusted Area S F:3690,M I A M I R E_ Internet Remarks:This 6-unit boutique multifamily building is located in one of the best areas in North Miami.,Contract Status Change Date:2023-11-07,Internet Address Display Y N:1,Internet Consumer Comment Y N:1,Transaction Broker Compensation:3%,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:301.13,Internet Automated Valuation Display Y N:1,