14280 NE 6th Ave North Miami, FL 33161
Overview
- Status: Active
- Bed(s) No info
- Bath(s)
- Half Bath(s) 0
- Parking No info
- Size: 10,811 ft2/1,004.37 m2
- Price Per: $365.37 ft2/$3,932.80 m2
- Type: Commercial/Investment
- Built: 1959
- HOA: No info
- MLS Number: A11625158
- View No info
- On Site: 249 days
- Updated: Listing Refreshed: 54 Days Ago
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.
Price History
| Date | Event | Price | Change Rate | Price Per |
|---|---|---|---|---|
| 01/27/2025 | Price Increased | $3,950,000.00 | 3.9% | $365.37 ft2/$3,932.80 m2 |
| 09/16/2024 | Price Reduced | $3,800,000.00 | 4.9% | $351.49 ft2/$3,783.45 m2 |
| 07/17/2024 | Listed | $3,995,000.00 | $369.53 ft2/$3,977.60 m2 |
Contact Information
This property is courtesy of the Fausto Commercial Realty Consultants Inc. The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker's logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of Realtors and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.