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$3,800,000
163 Days On Site

14280 NE 6th Ave
North Miami, FL 33161

For Sale|Multi Family|Pending
0
Beds
0
Full Baths
0
Partial Baths
10,811
SqFt
$351
/SqFt
1959
Built
County:
Miami-Dade

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14280 NE 6th Ave14280 NE 6th Ave14280 NE 6th Ave14280 NE 6th Ave
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Welcome to Royal Oaks Apartments, a turnkey 19-unit multifamily gem in North Miami. This fully renovated property includes 16 one-bed/one-bath units and 3 spacious studios, all featuring mini split ACs, new flooring, modern kitchens, impact windows/doors, stylish bathrooms, recessed lighting, and private balconies in most units. The property offers onsite parking, individual electric meters, an onsite laundry facility, secured entrances, and surveillance. The 40-year certification is completed, and the roof has been resealed, ensuring minimal CapEx. Fully occupied, it generates nearly $380,000 annually, providing a 7% Cap rate return with potential for increased returns by adjusting rents to market rates. Situated on a 0.40-acre lot, it allows for up to 40 units to be built if redeveloped.

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Listing Snapshot
Price 
$3,800,000
Days On Site 
163 Days
Bedrooms 
N/A
Inside Area (SqFt) 
10,811 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
17,416 Acres
Year Built 
1959
MLS® Number 
A11625158
Status 
Pending
Property Tax 
$66,985
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a month agoStatus changed to Pending
a month agoListing updated with changes from the MLS®
3 months agoPrice changed to $3,800,000
5 months agoListing first seen on site
General Features
Number Of Stories 
2
Property Sub Type 
Multi Family
Security 
Security GateSmoke Detector(s)
Sewer 
Public Sewer
SqFt Total 
10811
Stories 
Two
Water Source 
Public
Zoning 
3800
Interior Features
Cooling 
Other
Flooring 
TerrazzoTileVinyl
Heating 
Other
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Exterior Features
Construction Details 
Block
Roof 
Built-Up
Community Features
Financing Terms Available 
CashConventional
MLS Area 
22
Listing courtesy of Fausto Commercial Realty Consultants Inc

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Neighborhood & Commute
Source: Walkscore
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