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12240 NE 5th Ave North Miami, FL $ 1,900,000
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$ 1,900,000 Get more info
12240 NE 5th Ave
$ 1,900,000
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Share Save

12240 NE 5th Ave

North Miami, FL, 33161
$ 1,900,000
Bedrooms12 Baths10.0 Sq 4,479

Monthly Estimate*

$ 12,628

12240 NE 5th Ave, North Miami, FL 33161 - Image 1
12240 NE 5th Ave, North Miami, FL 33161 - Image 2
12240 NE 5th Ave, North Miami, FL 33161 - Image 3
12240 NE 5th Ave, North Miami, FL 33161 - Image 4
12240 NE 5th Ave, North Miami, FL 33161 - Image 5
12240 NE 5th Ave, North Miami, FL 33161 - Image 6
12240 NE 5th Ave, North Miami, FL 33161 - Image 7
12240 NE 5th Ave, North Miami, FL 33161 - Image 8
12240 NE 5th Ave, North Miami, FL 33161 - Image 9
12240 NE 5th Ave, North Miami, FL 33161 - Image 10
12240 NE 5th Ave, North Miami, FL 33161 - Image 11
12240 NE 5th Ave, North Miami, FL 33161 - Image 12
12240 NE 5th Ave, North Miami, FL 33161 - Image 13
12240 NE 5th Ave, North Miami, FL 33161 - Image 14
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Multi-Family Home for sale in North Miami, FL

for $1,900,000 with 12 bedrooms and 10 full baths. This 4,479 square foot home was built in 1951.

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

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Multi-Family Contingent

Price

$ 1,900,000

Bedrooms

12

Full Bath

10

Property Type

Multi-Family

Taxes

$ 14,702

Style

Fourplex

Year Built

1951

Town/City

North Miami

County/Region

Miami-Dade

MLS | Web ID

A11446202
Features
General
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 N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Contingency Other
Subdivision Name BISCAYNE PARK ESTATES
Garage Y/N N
Rent Includes Other
Special Listing Conditions ListedAsIs
Status ActiveUnderContract
City North Miami
View Y/N N
Senior Community Y/N N
Zoning Description 3700
MLS Area 22
Lot Size Units SquareFeet
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name 5th Ave
Listing Terms Cash Conventional Item1031Exchange Other
Property Attached Y/N N
Year Built Details Resale
Land Lease Y/N N
Tax Annual Amount 14702.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11446202
Days on Market 230
Standard Status ActiveUnderContract
Occupancy Type Tenant
Property Sub Type Additional Quadruplex
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
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Interior
Flooring CeramicTile Tile
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Window Features ImpactGlass
Fireplace Y/N N
Electric On Property Y/N N
Total Baths 0
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Exterior
Lot Features Item14Acre
Water Source Public
Total Parking 12.0
Spa N
Building Area Total 4479.0
Covered Spaces 0.0
Builder Model 8 Unit Rental Income
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 12240
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* Excluded Features
List By
Mia Mgmt Group, Llc.

Broker

nv@miamgmtgroup.com

Email

Affordability Calculator

$13,853
Per Month
91%
9%
0%
Monthly Principal & Interest
$12,628
Monthly Property Taxes
$1,225
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
292769 Elementary School
292996 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/18/2024$1,900,000 -7.32% Price Down
2/6/2024$2,050,000 -2.38% Price Down
1/16/2024$2,100,000 -2.33% Price Down
10/27/2023$2,150,000 -6.52% Price Down
9/1/2023$2,300,000 Listed Price

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12240 NE 5th Ave, North Miami, FL, 33161 is a Multi-Family Home for sale at $1,900,000 with 4,479 sqft. 12240 NE 5th Ave has 12 bedrooms, 10.0 baths, and was built in 1951. The property's zip code is 33161 which is in North Miami, FL

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