14280 Ne 6th Ave, North Miami, FL 33161

$3,769,000

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List Price
$3,769,000
Price Change
▼ $29,100 1779946500
MLS#
A11933823
Status
ACTIVE
Type
Commercial

Property Description

Presenting Royal Oak Apartments, an expertly stabilized and freshly renovated 19-unit multifamily investment in the supply-constrained North Miami sub-market. Offering diversified unit typologies, reliable in-place income with majority market-rate tenancies, recent comprehensive renovations, and long-term durability with completed 40-Year Recertification, this asset delivers turnkey performance with curb appeal that lasts. The property has undergone a capital improvement overhaul, with extensive property-wide interior & exterior upgrades designed to support stable operations and long-term performance. Impact glass throughout and private terraces in select units enhance the property’s modern aesthetic, attracting tenants and supporting consistently high occupancy levels. This is a rare opportunity to acquire for $199K/door a full renovated and stabilized asset. Locationally supreme, North Miami is a submarket benefiting from strong renter demand, limited new multifamily supply, and equidistant proximity to major employment corridors and regional connectors as Biscayne Boulevard, NE 125 ST, NE 163 ST, and I-95.

Additional Information

Days on Market
221
Tax Amount
$60,446
Parcel Number
06-22-19-011-0070
Lot Size
17,416
Address
14280 Ne 6th Ave, North Miami
Year Built
1959
Section
19

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Listing Courtesy of The Alpha Commercial Advisors LLC, Contact: