Basic Information

  • MLS # A11648951
  • Type Condominium
  • Status Active
  • Subdivision/Complex 2072 Ne 169 St Corp Condo
  • Year Built 1963
  • Total Sqft 1,025
  • Date Listed 08/27/2024
  • Days on Market 474
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

Amenities

  • Other

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • View Other
  • Construction Type Other
  • Parking Description On Street
  • Exterior Features Other
  • Style Condominium

Interior Features

  • Adjusted Sqft 1,025Sq.Ft
  • Cooling Description Central Air
  • Equipment Appliances Electric Range, Refrigerator
  • Floor Description Other
  • Heating Description Other
  • Interior Features Other
  • Sqft 1,025 Sq.Ft

Property Features

  • Address 2072 NE 169th St #9, 11, 12 & 5
  • Aprox. Lot Size 1,025
  • Architectural Style Other
  • Association Fee Frequency Monthly
  • City North Miami Beach
  • Construction Materials Other
  • County Miami- Dade
  • Furnished Info no
  • Listing Terms Cash, Conventional
  • Occupant Type Tenant
  • Parking Features On Street
  • Pets Allowed No
  • Possession Subject To Tenant Rights
  • Postal City North Miami Beach
  • Public Survey Township 7
  • HOA Fees $400
  • Subdivision Complex 2072 Ne 169 Street Nmb
  • Subdivision Info 2072 Ne 169 St Corp Condo
  • Tax Amount $2,286
  • Tax Legal desc 2072 N E169 S T C O R P C O N D O A P T9 S E C O N D F L O O R U N D I V9.091% I N T I N C O M M O N E L E M E N T S C L E R K S F I L E63 R-130531 O R18689-441205991 C O C22489-1772
  • Tax Year 2023
  • Terms Considered Cash, Conventional
  • Type of Property Condominium
  • View Other
  • Year Built Details Resale

2072 NE 169th St #9, 11, 12 & 5

North Miami Beach, FL 33162

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