Investment Property in North Miami, FL
Description
Excellent Opportunity to own an investment property with enormous upside.
The property is a corner unit with the possibility of increasing the number of units too 22 units as per zoning.
The property currentlt has the ability to convert 2 units from 1/1 to 2/2 with minimal expense and effort. The unit are all currently rented with 4 of the 5 tenants being there for more than 2 years.
This a property is located directly across from a new 369 unit development in the up an coming area of North Miami.
Call today for appointments.
HIGHLIGHTS
- Lot Features: Corner Lot
- Number Of Buildings: 1
- Documents Available: Books & Records, Copy Of Lease(S), Owner Managed, Photos, Rent Rolls
- Flooring: Terrazzo, Tile
- Construction Materials: Concrete Block Construction
- Parking Features: Common
- Security Features: Smoke Alarm, Smoke Detector(s), Security Lights
- Insurance Expense: 7550
- Buyer Agency Compensation: 2.5%
Address
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Address 12610 NE 11th Ave, North Miami, FL
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Country United States
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Province/State Florida
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City/Town Miami
Overview
- Property ID 5535
- Price $1,050,000
- Property Type Multifamily
- Property status For sale
- Year Built 1955
- Size 3,542 SqFt
- Units 5
- Floors 1