2072 NE 169th St #9, 11, 12 & 5 Active Save Request In-Person Tour Request Virtual Tour
North Miami Beach,FL 33162
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 1,025 sqft
Price per Sqft $1,048
Subdivision 2072 Ne 169 St Corp Condo
MLS Listing ID A11648951
Style Other
Bedrooms 8
Full Baths 8
HOA Fees $400/mo
HOA Y/N Yes
Min Days of Lease 365
Leases Per Year 1
Year Built 1963
Annual Tax Amount $2,286
Tax Year 2023
Property Sub-Type Condominium
Property Description
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)
Pricing
Selling as a portfolio only:
$268,750 per unit
Total Investment: $1,075,000
Location
State FL
County Miami-dade
Community 2072 Ne 169 St Corp Condo
Area 22
Direction GPS
Interior
Interior Features Other
Heating Other
Cooling Central Air
Flooring Other
Appliance Electric Range,Refrigerator
Exterior
Exterior Feature Other
Amenities Available Other
View Other
Garage No
Private Pool Yes
Building
Architectural Style Other
Structure Type Other
Others
Pets Allowed No
HOA Fee Include Sewer,Trash,Water
Senior Community No
Restrictions No Restrictions
Tax ID 07-22-09-012-0090
Security Features Other
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Pets Allowed No
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11648951