14280 NE 6th Ave, North Miami, FL 33161
14280 NE 6th Ave, North Miami, FL 33161
14280 NE 6th Ave, North Miami, FL 33161
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$3,690,000
Est. payment /mo
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8,324 SqFt
Price Dropped by $10K

14280 NE 6th Ave North Miami, FL 33161

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Sammy Hernandez

Sammy Hernandez

+1(786) 203-8671

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,324 sqft

Price per Sqft $443

MLS Listing ID A11933823

HOA Y/N No

Year Built 1959

Annual Tax Amount $60,446

Lot Size 0.400 Acres

Property Sub-Type Multi Family

Property Description

Presenting Royal Oak Apartments, an expertly stabilized and freshly renovated 19-unit multifamily investment in the supply-constrained North Miami sub-market.

Offering diversified unit typologies, reliable in-place income with majority market-rate tenancies, recent comprehensive renovations, and long-term durability with completed 40-Year Recertification, this asset delivers turnkey performance with curb appeal that lasts.

The property has undergone a capital improvement overhaul, with extensive property-wide interior & exterior upgrades designed to support stable operations and long-term performance. Impact glass throughout and private terraces in select units enhance the property's modern aesthetic, attracting tenants and supporting consistently high occupancy levels. This is a rare opportunity to acquire for $199K/door a full renovated and stabilized asset.

Locationally supreme, North Miami is a submarket benefiting from strong renter demand, limited new multifamily supply, and equidistant proximity to major employment corridors and regional connectors as Biscayne Boulevard, NE 125 ST, NE 163 ST, and I-95.

Price Per Door: $194,737
In-Place CAP: 6.2%
Pro-Forma CAP: 6.9%
Current Occupancy: 95%

Location

State FL

County Miami-dade

Area 22

Zoning 3800

Exterior

Private Pool Yes

Others

Tax ID 06-22-19-011-0070

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11933823

Miami Association of Realtors (SEFMIAMI MLS)
Listed by The Alpha Commercial Advisors LLC

NEARBY SCHOOL & BUSINESS

Sammy Hernandez

+1(786) 203-8671

sammysellsmiami@gmail.com

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14280 NE 6th Ave

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