14280 NE 6th Ave, North Miami FL 33161
Income/MultiFamily in North Miami
$3,950,000
n/a
n/a
n/a
Income/MultiFamily, Commercial Sale
Details
Overview
Description
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.
This income/multifamily home located at 14280 NE 6th Ave, North Miami FL 33161 is currently for sale and has been available on Brickellsold for 134 days. This property is listed at $4M. It has N/A beds, N/A bathrooms, and is N/A square feet. It was built in 1959. 14280 NE 6th Ave, North Miami FL 33161 is in North Miami county Miami-Dade County.
Interior
- Flooring: Terrazzo, Tile, Vinyl
- Common walls with other units/homes:
Property
- Parking Features:
- Entry location:
- Exterior Features:
- View Description:
Construction
- Year Built: 1959
Community & HOA
- Security Features: Smoke Detector(s), Security Gate
- Amenities:
Financial
Metadata
Neighborhood Insights
School and crime data are from public sources and are informational only.
Nearby Schools
Within 5 miles
- North Miami Elementary • 0.0 mi • K-12
- Arch Creek Elementary • 0.0 mi • K-12
- North Miami Middle • 0.0 mi • K-12
- Linda Lentin K-8 Center • 0.0 mi • K-12
- North Miami Senior High • 0.0 mi • K-12
- North Miami Adult Education • 0.0 mi • K-12
Nearby does not mean assigned. Attendance boundaries and program eligibility can change, so verify the property address directly with Miami-Dade County Public Schools.
Check official school assignmentNearby Hospitals
Within 3 miles
No nearby hospitals found.
Test your real commute
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