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13200 NE 6th Ave, North Miami, FL 33161
$1,050,000
13200 NE 6th Ave, North Miami, FL 33161View this property at 13200 NE 6th Ave, North Miami, FL 33161
13200 NE 6th AveNorth MiamiFL33161
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Property Description
This 6-unit boutique multifamily building is located in one of the best areas in North Miami. Property is in excellent condition with long-standing tenants, fully occupied. All 6-units are 1 bed / 1 bath, each come with 1-assigned parking, all rented at $1,250 per month (market rent is $1,600 to $1,700), all tenants are on month to month, no long term leases. This property provides a steady cash flow with gross rental income of $90,000 per year with a potential to increase to $115,000 to $125,000 per year once rent prices are increased to market rents. Current CAP 3.93% - projected CAP 5.79%. Very low turnover in this building and easily rented if one becomes available. Utility room located onsite where a Washer/Dryer can be added for extra income, current owner does not use utility room.
Full Property Details
Full Property Details for 13200 NE 6th Ave
General
- Sold For: $1,050,000
- Taxes: $12,154 (2022)
- Status: Closed
- Type: Duplex
- MLS ID: A11482389
- Added to Site: 191 day(s) ago
Rental Information
- Rent Includes: Gas, Hot Water, Gardener, Sewer, Trash Collection, Water
Interior
- Flooring: Tile
Parking
- Total Spaces: 6
Location
- Area: Griffing Biscayne Pk Esta
- County: Miami-Dade County
- Subdivision: GRIFFING BISCAYNE PK ESTA
- Building Name: GRIFFING BISCAYNE PK ESTA
Community
- Community Name: Griffing Biscayne Pk Esta
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Electric
- Heating Type: Electric
Utilities
- Sewer: Public Sewer
- Water: Municipal Water
Structural Information
- Architectural Style: Attached, Other
- Structure Type: Duplex
- Detached/Attached: Detached
- Construction: CBS Construction
- Roof: Flat Tile
- Stories/Levels: 1
- Building Size: 3819
- Square Feet: 3,819
- Living Area: 3,819 Sq. Ft.
- Year Built: 1960
Lot Features
- Lot Features: Less Than 1/4 Acre Lot
- Potential Use: Unknown/Withheld
- Zoning: 3800
Financial Considerations
- Price Per Sq. Ft.: $274.94
- Tax Amount: $12,154
- Tax Year: 2022
- Terms: Cash
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Documents Avail.: Accounting Statements, Financial Statement, Investment Analysis, Other Available Information
- Legal Description: 30 52 42 GRIFFINGS BISCAYNE PK ESTS RESUB OF BLK 39 PB 15-13 LOT 1 BLK 39 LOT SIZE 8420 SQUARE FEET OR 13284-713 0587 3 COC 22695-1361 09 20
- Property ID: 06-22-30-035-0010
Listed by Douglas Elliman
Sold by The Keyes Company
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Schools
Schools serving 13200 NE 6th Ave
School District:Miami-Dade County School District
Rating | Name | Grades | Distance |
---|---|---|---|
702 Ne 137th St, North Miami, FL 33161 | PK-5 | 0.4 mi | |
12829 Sw 272nd St, Homestead, FL 33032 | PK-8 | 29.4 mi | |
700 Ne 137th St, North Miami, FL 33161 | 6-8 | 0.3 mi | |
13110 Ne 8th Ave, North Miami, FL 33161 | 9-12 | 0.2 mi | |
Robert Morgan Educational Center and Technical College
18180 Sw 122 Avenue, Miami, FL 33177 | 9-12 | 24.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 13200 NE 6th Ave
Date
Details
Price
Change
Source
3/22/2024
Sold
$1,050,000
-8.7%
MLS
1/25/2024
Price Reduced
$1,150,000
-14.81%
MLS
11/07/2023
Listed
$1,350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
13200 NE 6th Ave, North Miami, FL 33161 (MLS# A11482389) is a Duplex property that was sold at $1,050,000 on March 22, 2024. Want to learn more about 13200 NE 6th Ave? Do you have questions about finding other Duplex real estate for sale in North Miami? You can browse all North Miami real estate or contact a Coldwell Banker agent to request more information.