2072 NE 169th St Apartments # 5, 9, 11, 12 North Miami Beach, FL 33162
Single Family Attached
MLS #: A11648497
Courtesy Of Keyes Company Realtors
Property InformationDescription
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 SF | Rented at $1,800/month
Unit #9 1,025 SF | Rented at $1,685/month
Unit #11 750 SF | Vacant
Unit #12 785 SF | 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
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 SF | Rented at $1,800/month
Unit #9 1,025 SF | Rented at $1,685/month
Unit #11 750 SF | Vacant
Unit #12 785 SF | 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
Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Legal Description: 2072 NE 169 ST CORP CONDO APT 5 FIRST FLOOR UNDIV 7.576 % INT IN COMMON ELEMENTS CLERKS FILE 63R-130531 OR 14377-6855 1289 1 COC 24710-1863
- MLSID: A11648497
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2072 NE 169th St Apartments # 5, 9, 11, 12, North Miami Beach, FL 33162
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