14280 NE 6th Ave,North Miami, FL 33161
North Miami, FL 33161
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. Price Per Door: $194,737 In-Place CAP: 6.2% Pro-Forma CAP: 6.9% Current Occupancy: 95%
Details
| MLS # | A11933823 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1959 |
| Days On Site | 254 |
| Listing Provided By | The Alpha Commercial Advisors LLC | Jamie Maniscalco |
Features
| SQ Feet | 8,324 |
|---|---|
| Units | 19 |
| Zoning | 3800 |
| Acreage | 17416.00 |
Taxes
| Tax Annual Amount | 60446 |
|---|
Area Information
| State | FL |
|---|---|
| County | Miami Dade |
| City | North Miami |
| Zip Code | 33161 |
| Area | 22 |
| Listing VS Median (in 33161) | |
Price: $3,700,000 low | high Med: $119,900 sqft: 8,324 low | high Med: 714 $ / sqft: $444 low | high Med: $168 On site: 254 low | high Med: 168 | |
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Learn More About This Property
| State | FL |
|---|---|
| County | Miami Dade |
| City | North Miami |
| Zip Code | 33161 |
| Area | 22 |
| Listing VS Median (in 33161) | |
Price: $3,700,000 low | high Med: $119,900 sqft: 8,324 low | high Med: 714 $ / sqft: $444 low | high Med: $168 On site: 254 low | high Med: 168 | |
