5
See all 5 photos
$1,075,000
Est. payment /mo
3,310 SqFt
Active
2072 NE 169th St #Apartments # 5, 9, 11, 12 North Miami Beach, FL 33162
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,310 sqft
Price per Sqft $324
MLS Listing ID A11648497
HOA Y/N No
Year Built 1963
Annual Tax Amount $2,289
Property Sub-Type Multi Family
Property 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
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
Location
State FL
County Miami-dade
Area 22
Direction Use GPS
Exterior
Private Pool Yes
Others
Tax ID 07-22-09-012-0050
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11648497
Listed by The Keyes Company
If you have been thinking about selling your home, or are looking to buy your dream home, Jenise welcomes the opportunity to meet you!! Feel free to reach out to me so we can discuss your real estate needs.