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29997487
29997488

14305 NE 6th Ave, North Miami, FL 33161 For Sale

RM
FL 3402452
MCG Realty Advisors
Listed by MCG Realty Advisors
$1,995,000
143 days on market
Updated 32 days ago

14305 NE 6th Avenue

Details
APN 06-22-19-006-1870
Property Type Multifamily
Sub Type Apartment Building, Apartment/Condo
Square Footage 6,742
Net Rentable (SqFt) 6,742
Units 10
Cap Rate 7.1%
NOI $141,725
Occupancy 100%
Pro-Forma Cap Rate 7.25%
Pro-Forma NOI $144,600
Price per SqFt $296
Broker Co-Op No
Class B
Year Built 1962
Buildings 1
Stories 2
Lot Size (SqFt) 10,273
Zoning 3800

Multifamily | 10 Units | $199,500/unit

Marketing description

MCG Realty Advisors is proud to exclusively present for sale 14305 NE 6th Avenue – a rare and compelling multifamily investment opportunity in the booming North Miami submarket of Miami-Dade County. This is one of those properties’ investors love because it’s simple, stable, and full of great upside potential. Located in a quiet residential pocket of North Miami, the property consist of 10 spacious units offering a mix of five (1 bedroom), 3 (studios) and 2 (1 bedroom) apartments. Positioned in one the city’s growing residential corridors, the property has central A/C, updated interiors and ample parking for residents and guests. This combination of smaller and larger layouts caters to multiple tenant segments — from working professionals and single occupants offering consistent occupancy and low turnover for its owners. High demand for quality rentals in this area has kept prices rising and will continue to do so for the foreseeable future. Middle-income multifamily properties in great neighborhoods, such as this property, have proven strong performance and resilience in down markets.

Investment highlights

  • Brand New Roof

  • 40-Year Recertification Completed

  • 100% Occupancy

  • Central A/C

  • Laundry On-Site

  • Ample Private Parking

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Listing Contacts

RM
FL 3402452
MCG Realty Advisors
Listed by MCG Realty Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$141,725.00
$11,810.42/mo

Valuation Metrics

0
DSCR
7.1%
Cap Rate
7.1%
ROI

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Additional Information

Name
Ron Mann
License
3402452
Brokerage
MCG Realty Advisors
Brokerage Phone
3054901404
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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