2072 169th St #Apartments # 5, 9, 11, 12 ,Apartments for Sale & Rent

2072 169th St #Apartments # 5 for Sale & Rent

Price $1,075,000.00

• Lot size 3310
• Year Build 1963
• Waterfront
• Zip 33162
• Style
• Parking Description
• Pool Yes
• Status Active

Description

PRICE REDUCED ? FANTASTIC MULTIFAMILY INVESTMENT OPPORTUNITY Exceptional opportunity to acquire 4 rental apartments in a well-maintained 12-unit building. All units include separate electric meters, and tenants pay their own electricity All units included in the sale Unit #5 ? 750 SF | Rented at $1,800/month Unit #9 ? 1,025 SF | Rented at $1,685/month Unit #11 ? 750 SF | Vacant Unit #12 ? 785 SF | Rented at $1,500/month Value-Add Upside Units are currently well below market rents, allowing for significant rental growth and improved cash flow as leases turn. Operating Details HOA Fee: $400/month per unit HOA Includes: Water + Garbage Tenant Paid: Electricity (separately metered) Selling as a portfolio only: $268,750 per unit Total Investment: $1,075,000

2072 NE 169 ST CORP CONDO APT 5 FIRST FLOOR UNDIV 7.576 % INT IN COMMON ELEMENTS CLERKS FILE 63R-130531 OR 14377-6855 1289 1 COC 24710-1863

PRICE REDUCED ? FANTASTIC MULTIFAMILY INVESTMENT OPPORTUNITY Exceptional opportunity to acquire 4 rental apartments in a well-maintained 12-unit building. All units include separate electric meters, and tenants pay their own electricity All units included in the sale Unit #5 ? 750 SF | Rented at $1,800/month Unit #9 ? 1,025 SF | Rented at $1,685/month Unit #11 ? 750 SF | Vacant Unit #12 ? 785 SF | Rented at $1,500/month Value-Add Upside Units are currently well below market rents, allowing for significant rental growth and improved cash flow as leases turn. Operating Details HOA Fee: $400/month per unit HOA Includes: Water + Garbage Tenant Paid: Electricity (separately metered) Selling as a portfolio only: $268,750 per unit Total Investment: $1,075,000

City:North Miami Beach,Zoning:4900,List A O R:A-Miami Association of REALTORS,Latitude:25.9313205,List Price:1075000,Listing Id:A11648497,Longitude:-80.1587868,Mls Status:Active,Year Built:1963,Directions:Use GPS,Postal Code:33162,Street Name:169th St,Unit Number:Apartments # 5, 9, 11, 12,Coordinates:1:25.9313205,Photos Count:5,Days On Market:425,Lot Size Units:Square Feet,M I A M I R E_ Area:22,On Market Date:2024-08-27,Parcel Number:07-22-09-012-0050,Property Type:Commercial Sale,Street Number:2072,Public Remarks:PRICE REDUCED ? FANTASTIC MULTIFAMILY INVESTMENT OPPORTUNITY Exceptional opportunity to acquire 4 rental apartments in a well-maintained 12-unit building. All units include separate electric meters, and tenants pay their own electricity All units included in the sale Unit #5 ? 750 SF | Rented at $1,800/month Unit #9 ? 1,025 SF | Rented at $1,685/month Unit #11 ? 750 SF | Vacant Unit #12 ? 785 SF | Rented at $1,500/month Value-Add Upside Units are currently well below market rents, allowing for significant rental growth and improved cash flow as leases turn. Operating Details HOA Fee: $400/month per unit HOA Includes: Water + Garbage Tenant Paid: Electricity (separately metered) Selling as a portfolio only: $268,750 per unit Total Investment: $1,075,000,County Or Parish:Miami-Dade County,Expiration Date:2026-08-27,List Office Name:The Keyes Company,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:3257,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:NE,Tax Annual Amount:2289,Unparsed Address:2072 NE 169th St # 12, North Miami Beach FL 33162,Listing Agreement:Exclusive Right To Sell,M I A M I R E_ Blogging:1,Building Area Total:3310,Building Area Units:Square Feet,Leasable Area Units:Square Feet,M I A M I R E_ Flood Zone:X,Original List Price:1100000,Previous List Price:1100000,Public Survey Range:22,Attribution Contact:305-926-3106,I D X Participation Y N:1,Syndication Remarks:PRICE REDUCED ? FANTASTIC MULTIFAMILY INVESTMENT OPPORTUNITY Exceptional opportunity to acquire 4 rental apartments in a well-maintained 12-unit building. All units include separate electric meters, and tenants pay their own electricity All units included in the sale Unit #5 ? 750 SF | Rented at $1,800/month Unit #9 ? 1,025 SF | Rented at $1,685/month Unit #11 ? 750 SF | Vacant Unit #12 ? 785 SF | Rented at $1,500/month Value-Add Upside Units are currently well below market rents, allowing for significant rental growth and improved cash flow as leases turn. Operating Details HOA Fee: $400/month per unit HOA Includes: Water + Garbage Tenant Paid: Electricity (separately metered) Selling as a portfolio only: $268,750 per unit Total Investment: $1,075,000,Listing Contract Date:2024-08-27,Originating System I D:miamire,Street Number Numeric:2072,Tax Legal Description:2072 NE 169 ST CORP CONDO APT 5 FIRST FLOOR UNDIV 7.576 % INT IN COMMON ELEMENTS CLERKS FILE 63R-130531 OR 14377-6855 1289 1 COC 24710-1863,M I A M I R E_ Current Price:1075000,Public Survey Township:22,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Rare Opportunity: 4 Fully-Managed Rentals in a 12-Unit Community Buy the entire package for only $1,075,000 That?s just $268,750 per Unit!,M I A M I R E_ Parcel Number M L X:0050,M I A M I R E_ Showing Time Flag:1,M I A M I R E_ Street View Param:1$25.931335$-80.158835$208.98$13.33$1.00$2B7DHQ05pkyt5vjT_nkg6w,Contract Status Change Date:2024-08-27,Internet Address Display Y N:1,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Subdivision Number:12,M I A M I R E_ Attribution Contact:305-926-3106,M I A M I R E_ Agent Alternate Phone:305-926-3106,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:2072 NE 169th St Apartments # 5, 9, 11, 12,Internet Automated Valuation Display Y N:1,