14280 NE 6th Ave - Apartments FOR SALE


North Miami, FL 33161
$4,000,000 USD
305-697-7011
14280 NE 6th Ave, North Miami, FL for Sale
$4,000,000 USD
Apartments - FOR SALE
1/28
null | 6.55% Cap Rate

14280 NE 6th Ave
North Miami, FL 33161


HIGHLIGHTS

  • Sought after mid-size multifamily asset ideal for long term holders or 1031 Exchange buyers seeking stabilized yield in a supply-constrained market
  • Extensively renovated asset with completed 40 Year Certification, upgraded building systems and majority updated interiors
  • Secure, gated grounds featuring beautifully renovated modern courtyard design, impact glass, surveillance system and on-site laundry
  • Highly financeable, stabilized income profile with a mix of market-rate and Section 8 tenants, providing diversified and reliable cashflow
  • Well-located North Miami asset adjacent to North Miami Elementary School and centrally positioned

OVERVIEW

The Alpha Commercial Advisors present Royal Oak Apartments, an expertly stabilized and freshly renovated 19-unit multifamily investment in the supply-constrained North Miami sub-market. Offering diversified unit typologies, reliable in-place income with majority market-rate tenancies, recent comprehensive renovations, and long-term durability with completed 40-Year Recertification, this asset delivers turnkey performance with curb appeal that lasts. The property has undergone a capital improvement overhaul, with extensive property-wide interior & exterior upgrades designed to support stable operations and long-term performance. Impact glass throughout and private terraces in select units enhance the property’s modern aesthetic, attracting tenants and supporting consistently high occupancy levels. Locationally supreme, North Miami is a submarket benefiting from strong renter demand, limited new multifamily supply, and equidistant proximity to major employment corridors and regional connectors as Biscayne Boulevard, NE 125 ST, NE 163 ST, and I-95. INVESTMENT HIGHLIGHTS —Highly sought after mid-size multifamily asset ideal for long-term holders or 1031 Exchange buyers seeking stabilized yield in a supply-constrained market. —Extensively renovated asset with completed 40 Year Recertification, upgraded building systems and majority updated interiors, minimizing near-term capital needs. —Secure, gated grounds featuring beautifully renovated modern courtyard design, impact glass, surveillance system, and on-site laundry facilities for additional revenue generation. —Highly financeable, stabilized income profile with a mix of market-rate and Section 8 tenants (4 units) providing diversified and reliable cashflow. —Well-located North Miami asset adjacent to North Miami Elementary School and centrally positioned between Biscayne Boulevard, NE 125 Street, NE 163 Street, and I-95.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$370 USD /SF

# OF UNITS

19

PRICE/UNIT

$210,526

CAP RATE

6.55%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Royal Oak Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

R-6

APN/PARCEL ID

06-2219-011-0070

ASK ABOUT THIS PROPERTY

Jamie ManiscalcoThe Alpha CommercialMore Info
305-697-7011

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Jamie ManiscalcoThe Alpha CommercialMore Info
305-697-7011

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.