16890 NE 21st Ave - Apartments FOR SALE


North Miami Beach, FL 33162- Fulford Bythe Sea
$2,200,000 USD
305-209-8866
16890 NE 21st Ave, North Miami Beach, FL for Sale
$2,200,000 USD
Apartments - FOR SALE
1/14
null | 5.61% Cap Rate

16890 NE 21st Ave
North Miami Beach, FL 33162
Fulford Bythe Sea


HIGHLIGHTS

  • 40 Year Recertification Completed in 2024
  • Rare Opportunity in a Strong Rental Market
  • Attractive Unit Sizes & Mix
  • Short Drive to Aventura Mall & Oleta River State Park
  • 100% Occupied
  • Tremendously Central to All Locations

OVERVIEW

*CONTACT: ALMOG STRIKOWSKI 818.665.9929* The Porosoff Group is proud to exclusively present for sale a 10 Unit Apartment Building in the heart of North Miami Beach, FL. The building consists of an attractive mix – eight large 1 bedrooms/1 bathroom units and two 2 bedrooms/2 bath units. The property sits on a 10,000 SF, RM 23 zoned lot – which is on the corner of NE 169th St & NE 21st Ave. All tenants have access to a laundry facility on site. The 40- year building recertification was completed early in 2024 and is structurally and electrically safe for continued use and occupancy until 2034. 100% Occupied. City of North Miami Beach is strategically located in between Miami & Fort Lauderdale International Airports. The central location is just a short drive to dining, nightlife, shopping and just about anything that a tenant may want, the property also sits east of Victory Park, which has a swimming pool, basketball courts and a kid’s playground. The property is a short drive to Aventura Mall which is the 4th largest mall in the United States by total square feet of retail space and the largest mall in Florida. The property is also a short drive to Oleta River State Park which is Florida’s largest urban park at just over a thousand acres. Currently, two of the units are vacant but are pending applications.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$332 USD /SF

# OF UNITS

10

PRICE/UNIT

$220,000

CAP RATE

5.61%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

ALMOG STRIKOWSKI 818.665.9929

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

RM-23

APN/PARCEL ID

07-2209-006-1990

ASK ABOUT THIS PROPERTY

Arthur PorosoffCompass Florida LLCMore Info
305-209-8866

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Arthur PorosoffCompass Florida LLCMore Info
305-209-8866

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