2072 NE 169th St # 5 North Miami Beach FL 33162 MLS #A11648951
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

Property Details

Price:
$1,075,000
MLS #:
A11648951
Status:
Active
Beds:
8
Baths:
8
Address:
2072 NE 169th St # 5
Type:
Condo
Subtype:
Condominium
Subdivision:
2072 NE 169 ST CORP CONDO
Neighborhood:
2072ne169stcorpcondo
City:
North Miami Beach
Listed Date:
Aug 27, 2024
State:
FL
Finished Sq Ft:
1,025
Total Sq Ft:
1,025
ZIP:
33162
Year Built:
1963

Schools

Interior

Appliances
Electric Range, Refrigerator
Bathrooms
8 Full Bathrooms
Cooling
Central Air
Flooring
Other
Heating
Other

Exterior

Association Amenities
Other
Construction Materials
Other
Exterior Features
Other
Parking Features
On Street
Security Features
Other

Financial

HOA Fee
$400
HOA Frequency
Monthly
Tax Year
2023
Taxes
$2,286

Map

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