14280 NE 6th Ave, North Miami FL 33161

About This Property

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: $194,737 In-Place CAP: 6.2% Pro-Forma CAP: 6.9% Current Occupancy: 95%

Property Details

Property Type

Income/MultiFamily

Status

Active

MLS #

A11933823

Building Area

8,324 SF

Lot Size

17,416 SF

Year Built

1959

Zoning

3800

Days on Market

230

Price

$3,700,000