57 units N. Miami

Multifamily / Garden Apartments / Hwy 95 & NE 3 Ct. , Miami Florida 33162

 
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Charlie Skandrani

Capital Commercial Real Estate Group

Office Phone: 954-455-3366

Cell Phone: 786-488-3434

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Published on: Friday, April 25, 2014 2:00:24 PM
Updated on: Friday, April 25, 2014 2:00:24 PM
Purchase with B2B
Purchase with B2B
 Purchase with Business to Business
Quick Glance

Listing ID: CL-Florida-30791

Status: Accepting Offers

Financing: No Financing Available

Occupancy: 100%

Year Build: 1972

 

Building Size: 54,205 SqFt

Lot Size: 41,926 SqFt.

No of Stories: 4

No of Parking: 2

Business Available for Sale: No

Is Net Lease Investment: No

Property On Ground Lease: No

Building Status: Existing

 Details

Offer to Millionaire Club: No

Listing Summary: The apartment is primly located near I-95 and one block off of 135 street, East of 95 off of the 135 street exit. It is bordered on both sides by condominiums. North Miami Villas is walking distance to public transportation, schools, and retail.

Acquisition Option Selected: Traditional Purchase

Cap Rate (%): 8.9

Commission Split (%): 1

Complete Details


Year Build: 1972

Building Size: 54,205 SqFt.

No of Stories: 4

Total Lot Area: 41926.00 SqFt.

No of Parking: 2

No of Total Units: 57

Property Current Status: Normal Sale

Building Status: Existing

Heating and Cooling: Not Specified

Building Class: Not Specified

Property on Ground Lease?: No

Net Lease Investment?: No

Business Price Included?: No

Roofing: Not Specified

Occupancy: 100%

Full Description


Northview Terrace Apartments is a well-located 57 unit apartment building in North Miami. The building is comprised of 51 one bed-rooms and 6 two bed-room apartments. There is ample covered parking, central air, and a laundry facility. There are no vacancies and units are upgraded as they become available.With 100% occupancy and no deferred maintenance units are upgraded as they are turned. The property is in turn-key condition and has below market rents. Units are individually metered and there are no Section 8 tenants. The property is part of portfolio that is for sale, but can be delivered separately. Owner financing is available.

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Additional Properties


Property Highlights
  • Renovated Interiors
  • Bordered on both sides with condominiums
  • 100 % occupied with No section 8's
  • Central AC in all units
  • Covered parking for tenants/Walking distance to public transportation, schools and retail
  • Turnkey operation with below market rents

Attached Documents


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