2072 NORTH EAST 169TH ST #Apartments # 5, 9, 11, 12, North Miami Beach
$1,075,000 USD
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| Address | 2072 NORTH EAST 169TH ST #Apartments # 5, 9, 11, 12, North Miami Beach |
| Type of Property | Income / MultiFamily |
| Type of Business | Apartments |
| Price | $1,075,000 |
| Previous Price | $1,100,000 (10 days ago) |
| Property Status | Active |
| MLS Number | A11648497 |
| Year Built | 1963 |
| Folio Number | 07-22-09-012-0050 |
| Zoning Information | 4900 |
| Days on Market | 435 |
Detailed 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 sq.ft | Rented at $1,800 / month Unit #9 – 1,025 sq.ft | Rented at $1,685 / month Unit #11 – 750 sq.ft | Vacant Unit #12 – 785 sq.ft | 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
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Address Information
| State | Florida |
| City | North Miami Beach |
| County | Miami-Dade County |
| Zip Code | 33162 |
| Address | 2072 NORTH EAST 169TH ST |
| Zip Code (4 Digits) | 3257 |
Financial Information
| Price | $1,075,000 |
| Price per Foot | $0 |
| Previous Price | $1,100,000 |
| Folio Number | 07-22-09-012-0050 |
| Tax Amount | $2,289 |
Full Descriptions
| Detailed 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 sq.ft | Rented at $1,800 / month Unit #9 – 1,025 sq.ft | Rented at $1,685 / month Unit #11 – 750 sq.ft | Vacant Unit #12 – 785 sq.ft | 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 |
| How to Reach | Use GPS |
Property parameters
| Total Acreage | 0.000 |
| Zoning Information | 4900 |
| Year Built | 1963 |
| Type of Property | Income / MultiFamily |
| Type of Business | Apartments |
| Street Direction | North East |
| Listed with | The Keyes Company |