Welcome to Royal Oaks Apartments, a turnkey 19-unit multifamily gem in North Miami. This fully renovated property includes 16 one-bed/one-bath units and 3 spacious studios, all featuring mini split ACs, new flooring, modern kitchens, impact windows/doors, stylish bathrooms, recessed lighting, and private balconies in most units. The property offers onsite parking, individual electric meters, an onsite laundry facility, secured entrances, and surveillance. The 40-year certification is completed, and the roof has been resealed, ensuring minimal CapEx. Fully occupied, it generates nearly $380,000 annually, providing a 7% Cap rate return with potential for increased returns by adjusting rents to market rates. Situated on a 0.40-acre lot, it allows for up to 40 units to be built if redeveloped.

This listing is courtesy of Elior Levi at Fausto Commercial Realty Consultants Inc em:elevi@faustocommercial.com ph:954-743-7594.

More detailed information, including prior sales, lot and building square footage per the county, zoning, traffic maps, nearby businesses, and more related to the Miami-Dade county property folio associated with this commercial property listing, which in most cases would be for the listed property, is displayed below. This is not provided by the listing broker or agent, but is information obtained independently from the county for the folio number 0622190110070 entered for this listing by the listing broker / listing agent. Importantly, always verify information. This county information is not updated regularly. Thus, some of the information may have changed since it was obtained. Information herein is provided on a best efforts basis only. Do not rely on it to make an investment decision.

Miami-Dade County Information for Folio 06-2190-011-0070 (0622190110070)*
Links to Miami-Dade Lot Outline, Aerial Views, Tax Records
Property Location*
Address: 14280 NE 6 Ave
City: North Miami
State: Florida
Zip Code: 33161-2998 (Listings)
County: Miami-Dade (Listings)
  -
Building Size - English*
Living Square Feet: 10,811
Actual Square Feet: 10,811
Adjusted Square Feet: 8,324
  -
Lot Size - English*
Lot Size (sf): 17,416
Lot Size (acres): 0.40
  -
Building Size - Metric*
Living Square Meters: 1,004.37
Actual Square Meters: 1,004.37
Adjusted Sq M: 773.32
  -
Lot Size - Metric*
Lot Size (sq m): 1,618
Lot Size (ha): 0.16
  -
Zoning & Land Use*
Land Use: 0303 - Multifamily 10 Units Plus : Multifamily 3 Or More Units
Zoning: 3800 - Multi-family - 22-37 U/a
Municipal Zoning: R-6 (North Miami)
All Listed | All Properties
  -
Prior Sale*
Type: Qual by exam of deed
Qual: Q
Date: 05/06/2022
Amount: $2,725,000
  -
Prior Sale #2* (Second to Last)
Type: Qual by exam of deed
Qual: Q
Date: 08/27/2021
Amount: $2,165,000
  -
Prior Sale #3* (3rd to Last)
Type: Qual by exam of deed
Qual: U
Date: 08/25/2015
Amount: $620,000
  -
Taxable Values*
Tax Year: 2023
Land: $522,480
Building: $1,793,770
Total: $2,316,250
Assessed: $2,316,250
County Taxable: $2,316,250
City Taxable: $2,316,250
Mill Code: 0600
  -
Ownership*
Owner 1: Royal Oak Nomi Llc
Mailing Address: 1160 Kane Concourse Suite #301
Mailing City: Bay Harbor Islands
Mailing State: Fl
Mailing Zip: 33154
Mailing Country: USA
  -
Building Information*
Stories: 2
Units: 19
Year Built: 1959
Effective Year Built: 1959
Extra Features 1: Paving - Asphalt
Extra Features 2: Aluminum Modular Fence
Extra Features 3: Paving - Concrete
  -
Legal Description*
Legal Description Concatenated: 19 52 42 RUCKS PARK PB 44-97 LOT 7 & LOT 8 LESS S21FT BLK 1 LOT SIZE 17416 SQUARE FEET OR 20761-1057/21649-376 1002 6 COC 22011-2089 01 2004 1

*This Miami-Dade county folio information was recently obtained for the folio number entered on this listing by the listing broker, which usually is correct, but not always. This information is not represented as or warranted to be accurate or current. Verify this and all information about this property independently. Do not rely on it to make an investment decision.