$1,075,000

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2072 Ne 169Th St 9 # 9, 11, 12 & 5 North Miami Beach, FL, United States 33162

PRICE REDUCED – FANTASTIC MULTIFAMILY INVESTMENT OPPORTUNITYExceptional opportunity to acquire 4 rental apartments in a well-maintained 12-unit building. All units include separate electric meters, and tenants pay their own electricityAll units included in the saleUnit #5 – 750 SF | Rented at $1,800/monthUnit #9 – 1,025 SF | Rented at $1,685/monthUnit #11 – 750 SF | Vacant Unit #12 – 785 SF | Rented at $1,500/monthValue-Add UpsideUnits are currently well below market rents, allowing for significant rental growth and improved cash flow as leases turn.Operating DetailsHOA Fee: $400/month per unitHOA Includes: Water + GarbageTenant Paid: Electricity (separately metered)PricingSelling as a portfolio only:$268,750 per unitTotal Investment: $1,075,000

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Amenities

  • Bedrooms: 8
  • Full Bathrooms: 8
  • Partial Bathrooms: 0
  • Property Type: Condos
  • Home size: 1,025 ft2 / 95.22 m2
  • MLS: A11648951
  • Status: Active

Property brokered by

The Keyes Company

(954) 893-1367

Presented by David Heinrich

  • (305) 926-3106

Contact David Heinrich

Contact Agent

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