13200 6th Ave , for Sale & Rent

13200 6th Ave for Sale & Rent

Price $1,150,000.00

  • Lot size 8420
  • Year Build 1960
  • Waterfront
  • Zip 33161
  • Style
  • Parking Description Assigned
  • Pool Yes
  • Status Active
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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% and 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.

For information call LA David Vazquez 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

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% and 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,Tax Year:2022,Latitude:25.8965734,Cooling Y N:1,Heating Y N:1,Lease Term:Month To Month,List Price:1150000,Listing Id:A11482484,Longitude:-80.1870262,Mls Status:Active,Year Built:1960,Postal Code:33161,Street Name:6th Ave,Coordinates:1:25.8965734,Photos Count:40,Business Type:1:Residential-Multi-Family,Days On Market:1,Listing Terms:1:Cash,2:Conventional/Refinance,Lot Size Units:Square Feet,On Market Date:2023-11-20,Parcel Number:06-22-30-035-0010,Property Type:Commercial Sale,Street Number:13200,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% and 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,Private Remarks:For information call LA David Vazquez 786-897-9970,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:4026,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:NE,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,Lease Considered Y N:1,Lot Size Square Feet:8420,Original List Price:1350000,Previous List Price:1350000,Public Survey Range:22,I D X Participation Y N:1,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% and 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:2023-11-20,Originating System I D:miamire,Public Survey Section:30,Showing Instructions:24 Hour Notice,Appointment Only,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_ Internet Remarks:This 6-unit boutique multifamily building is located in one of the best areas in North Miami.,Contract Status Change Date:2023-11-20,Internet Address Display Y N:1,Number Of Units In Community:6,Internet Consumer Comment Y N:1,Transaction Broker Compensation:3%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,Internet Automated Valuation Display Y N:1,

  • Price $1,150,000.00
  • Price Change: 2023-11-20
  • Lot size sq. ft.
  • Price per sq.ft. $
  • Year Build 1960
  • Waterfront
  • View
  • Pool Yes
  • Style
  • Construction
  • Parking Description Assigned
  • Flooring Type
  • Property Type Commercial Sale
  • Status Active
  • Listed 2023-11-20
  • Days on Market 104
  • Furnished
  • City North Miami
  • Zip 33161
  • State Florida
  • Subdivision
  • Development Name
  • HOA Fees
  • Taxes 12154
  • Taxes Year 2022