2072 NE 169th St Apartments # 5, 9, 11, 12, North Miami Beach, FL 33162

• 3,310 sqft

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

Listing Status:

Active

Date Added:

August 27, 2024 at 05:00AM

Listing Office:

The Keyes Company : 305-931-8920

Listing Agent:

David Heinrich : 305-926-3106

MLS ID:

A11648497

Location

• Originating MLS: Miami Association of REALTORS®
• County: Miami-Dade County

Lot

• Zoning: 49002072 NE 169 ST CORP CONDO APT 5 FIRST FLOOR UNDIV 7.576 % INT IN COMMON ELEMENTS CLERKS FILE 63R-130531 OR 14377-6855 1289 1 COC 24710-186307-22-09-012-0050

Financial

• Source: Miami Association of REALTORS®

This listing courtesy of David Heinrich, The Keyes Company