14280 NE 6th Ave North Miami FL 33161 MLS #A11625158

14280 NE 6th Ave
North Miami, FL, 33161
$3,950,000
Beds
0 Baths
10,811 SqFt
0 Acres
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Welcome to Royal Oaks Apartments, a turnkey 19-unit multifamily gem in North Miami. This fully renovated property includes 16 one-bed/one-bath units and 3 spacious studios, all featuring mini split ACs, new flooring, modern kitchens, impact windows/doors, stylish bathrooms, recessed lighting, and private balconies in most units. The property offers onsite parking, individual electric meters, an onsite laundry facility, secured entrances, and surveillance. The 40-year certification is completed, and the roof has been resealed, ensuring minimal CapEx. Fully occupied, it generates nearly $380,000 annually, providing a 7% Cap rate return with potential for increased returns by adjusting rents to market rates. Situated on a 0.40-acre lot, it allows for up to 40 units to be built if redeveloped.

Property Details

Price:
$3,950,000
MLS #:
A11625158
Status:
Active
Beds:
0
Baths:
0
Address:
14280 NE 6th Ave
Type:
Commercial
Subtype:
Income/MultiFamily
City:
North Miami
Listed Date:
Jul 17, 2024
State:
FL
Finished Sq Ft:
10,811
Total Sq Ft:
10,811
ZIP:
33161
Year Built:
1959
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CENTURY 21 Carioti

CENTURY 21 Carioti

Florida, Real Estate

Phone 800 783-8847

CENTURY 21 Carioti is a full service real estate company servicing the State of Florida with a headquarters in Orlando, FL.

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Schools

Interior

Cooling
Other
Flooring
Terrazzo, Tile, Vinyl
Heating
Other

Exterior

Roof
Built- Up
Security Features
Smoke Detector(s), Security Gate

Financial

Net Operating Income
$280,406
Taxes
$66,985

Map

Community

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disclosure
Courtesy of Fausto Commercial Realty Consultants Inc. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Miami, FL. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. Miami, FL. All rights reserved.
Rover IDX
14280 NE 6th Ave
North Miami, FL