Seller Financing
Address
12240 NE 5th Ave, North Miami, FL
Price
$ 1,900,000
Property Attributes
- MLS#A11446202
- TypeContingent
- CountyMIAMI-DADE
- CityNorth Miami
- Area22
- NeighborhoodBISCAYNE PARK ESTATES
- Zip33161
- StyleFourplex
- Year Built1951
- Taxes$ 14702
- Price$ 1,900,000
- Bedrooms12
- Full Bathrooms10
- Half Bathrooms0
- Sqr Footage4479
Data Source:
Southeast Florida MLS (SEFMLS)
Property Description
Million-Dollar Neighborhood! Presenting an impeccable 8-unit multifamily apartment income property located in the vibrant City of North Miami, FL, in the heart of the Biscayne Park area. One of the unique features of this property is its value-add potential, as it has the right to build an additional up to 14 unit and add 6 units to the existing structure, plans available could significantly boost cash flow. Additionally, it has recently passed the 40-year certification, ensuring structural integrity. Many upgrades, including impact windows, have been carried out. Great opportunity SELLER FINANCE UP TO 30 %It is rented 25% below market value. Pro forma calculated by Miami Dade Housing 2024
| Price History | |
|---|---|
| 9/1/2023 | Listed $2,300,000 |
| 10/27/2023 | 7% - $2,150,000 |
| 1/16/2024 | 3% - $2,100,000 |
| 2/6/2024 | 3% - $2,050,000 |
| 3/18/2024 | 8% - $1,900,000 |
General Features
| Sewer | PublicSewer |
|---|---|
| Heating | Other |
| Cooling | Other |
| Utilities | CableNotAvailable |
| Possession | Other |
| Roof | Other,Shingle |
| Exterior Features | Barbecue,Patio |
| Patio/Porch Features | Patio |
| Architectural Style | Fourplex |
| Pool Features | None |
| Construction Materials | Block |
| Year Built | 1951 |
| Stories | 1 |
| Levels | One |
| Property SubType | Quadruplex |
| Tax Year | 2022 |
| Community Features | LaundryFacilities |
| County | Miami-Dade County |
| New Construction | No |
| Property Type | ResidentialIncome |
| HOA / Comm Assn | No |
| Attached Garage | No |
| Contingency | Other |
| Subdivision Name | BISCAYNE PARK ESTATES |
| Garage Y/N | No |
| Rent Includes | Other |
| Special Listing Conditions | ListedAsIs |
| Status | ActiveUnderContract |
| City | North Miami |
| Buyer Agent Compensation | 3% |
| View Y/N | No |
| Senior Community Y/N | No |
| Zoning Description | 3700 |
| MLS Area | 22 |
| Private Pool | No |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Street Name | 5th Ave |
| Listing Terms | Cash,Conventional,Item1031Exchange,Other |
| Property Attached Y/N | No |
| Year Built Details | Resale |
| Land Lease Y/N | No |
| Tax Annual Amount | 14702.0 |
| Home Warranty Y/N | No |
| Lease Renewal Y/N | No |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Virtual Tour | https://www.propertypanorama.com/instaview/mia/A11446202 |
| Days on Market | 230 |
| Standard Status | ActiveUnderContract |
| Occupancy Description | Tenant |
| Property Sub Type Additional | Quadruplex |
| MobileHomeRemainsYN | No |
| PostalCity | North Miami |
| Legal Description | BISCAYNE PARK ESTS BLKS 8 9 10 11 PB 5-107 LOT 24 BLK 8 LOT SIZE 15000 SQUARE FEET OR 18882-3051 11 1999 1 COC 24160-3301 09 2005 1 |
Interior Features
| Flooring | CeramicTile,Tile |
|---|---|
| Basement (Y/N) | No |
| Air Conditioning Y/N | No |
| Heating Y/N | No |
| Window Features | ImpactGlass |
| Fireplace Y/N | No |
| Electric On Property Y/N | No |
Exterior Features
| Lot Features | Item14Acre |
|---|---|
| Water Source | Public |
| Total Parking | 12.0 |
| Spa | No |
| Building Area Total | 4479.0 |
| Lot Size Units | SquareFeet |
| Covered Spaces | 0.0 |
| Builder Model | 8 Unit Rental Income |
| Crops Included Y/N | No |
| Open Parking Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Contingent Average in 33161
Price
Taxes
Visits
Year Built
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Data Last Updated: May 13, 2024 5:16 PM UTC
Beaches MLS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
