About 14280 Ne 6th Avenue
Presenting 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. This is a rare opportunity to acquire for $199K/door a full renovated and stabilized asset.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.Price Per Door: $194,737In-Place CAP: 6.2%Pro-Forma CAP: 6.9%Current Occupancy: 95%
Features of 14280 Ne 6th Avenue
| MLS® # | A11933823 |
|---|---|
| Price | $3,700,000 |
| Acres | 0.40 |
| Year Built | 1959 |
| Type | Commercial |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 14280 Ne 6th Avenue |
|---|---|
| Area | 2220 |
| City | North Miami |
| County | Miami-Dade |
| State | FL |
| Zip Code | 33161 |
| HOPA | No Hopa |
Additional Information
| Zoning | 3800 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | The Alpha Commercial Advisors LLC |
|---|