16890 NE 21st Ave - Apartments FOR SALE


North Miami Beach, FL 33162- Fulford Bythe Sea
$2,150,000 USD
954-245-3492
16890 NE 21st Ave, North Miami Beach, FL for Sale
$2,150,000 USD
Apartments - FOR SALE
1/9
null | 5.62% Cap Rate

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


HIGHLIGHTS

  • 10-unit apartment building w/mix of one and two-bedroom units, including several recently renovated apartments
  • Property features concrete block construction, updated flooring, electric appliances, wall AC units, a fenced perimeter, and on-site laundry
  • Located near US-1 and Biscayne Boulevard, offering quick access to shopping, dining, parks, and Aventura

OVERVIEW

16890 Northeast 21st Avenue is a two-story, 10-unit apartment building constructed in 1964 of concrete block and painted stucco with a flat roof. The building totals 6,763 square feet on a 10,000-square-foot lot, according to the Miami-Dade County Property Appraiser. The unit mix consists of eight (8) one-bedroom/one-bathroom apartments of which six (6) have been recently renovated and (2) two-bedroom/two-bathroom apartments of which one (1) has been recently renovated. Units feature ceramic tile or vinyl, wood-plank flooring, electric appliances and wall air conditioning units. Common area amenities include a fenced perimeter and laundry room. 16890 Northeast 21st Avenue is located in North Miami Beach, Florida, with convenient access to Federal Highway (US-1) and Biscayne Boulevard, placing residents near major employment corridors and a dense concentration of retail, dining, and entertainment options. The surrounding 5-mile area reports an average household income of $92,867 and population growth of 7.82% since 2010. Residents benefit from walkable access to Greynolds Park and Greynolds Golf Course, with close proximity to Aventura Mall, Sunny Isles Beach, Haulover Beach, and numerous national retailers and restaurants.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$324 USD /SF

# OF UNITS

10

PRICE/UNIT

$215,000

CAP RATE

5.62%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

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

10,000 SF

ZONING

RM-23

APN/PARCEL ID

07-2209-006-1990

ASK ABOUT THIS PROPERTY

Joseph ThomasMarcus & MillichapMore Info
954-245-3492

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Joseph ThomasMarcus & MillichapMore Info
954-245-3492

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