14280 NE 6th Ave

North Miami, FL 33161

$3,995,000
Price
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Beds
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Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
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per Sq. Ft.
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Active With Contract
Active With Contract
a view of an house with swimming pool and a yard
a view of outdoor space with swimming pool and seating
a view of swimming pool with lawn chairs and plants
a view of a back yard of the house
a view of a patio with a yard and plants
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a view of a balcony with city view
a view of an outdoor space with swimming pool
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Description

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...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.
  1. Listed by Elior Levi • Fausto Commercial Realty Consultants Inc

Property Details for 14280 Northeast 6th Avenue

Area
22
Auction
No
Num Stories
2
Year Built Description
Resale
LISTING UPDATED: 08/24/2024 08:59 PM

Property Details for 14280 Northeast 6th Avenue

StatusActive With Contract
MLS #A11625158
Days on Market39
Taxes$66,985 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial/Industrial / Income/Multi Family
Year Built1959
Lot Size0.40 AC / 17,416 SF
CountyMiami-Dade County
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Location

Listing Courtesy of Fausto Commercial Realty Consultants Inc
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Building Information for 14280 Northeast 6th Avenue

Stories-Residences-Year Built1959Building Size-Lot Size0.40 AC / 17,416 SF

Payment Calculator

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$25,053 per month

30 year fixed, 6.15% Interest

Principal and Interest

$19,471

Property Taxes

$5,582

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 14280 Northeast 6th Avenue

Location Information
Location Information
  • Parcel Number Free Text: 06-22-19-011-0070
  • Parcel Number MLX: 0070
  • MLS Area: 22
  • Township Range: 22
  • Section: 19
  • Subdivision Number: 11
  • Unit Count: 0
  • Zoning Information: 3800
General Information
General Information
  • Prop Type-Type of Building: Apartments
  • Building Sq Ft: 10,811
  • Approximate Lot Size: 17416
  • Property Sq Ft: 17416
  • Num Buildings: 1
  • Fire Protection: Smoke Detector
  • Construction: Concrete Block Construction
  • Construction Type: Concrete Block Construction
  • Roof Description: Built-Up Roof
  • Flooring: Terrazzo Floors, Tile Floors, Vinyl Floors
  • Floor Description: Terrazzo Floors, Tile Floors, Vinyl Floors
  • Virtual Tour: https://www.propertypanorama.com/instaview/mia/A11625158
  • Security Information: Security Gate
Additional Property Information
Utilities
  • Heating Description: Other
  • Cooling Description: Other
  • Water Description: Public Water
  • Sewer Description: Public Sanitation
Additional Property Information
  • Guest Accommodations: No
  • Storm Protection: Clear Impact Glass
Financial Information
Financial Information
  • Information Available: Aerial Photo(S), Investment Analysis, Photos, Rent Rolls
Rental Information
Rent Information
  • Deposit Information: First Month Rent, Last Month Rent, Security Deposit

Property History for 14280 Northeast 6th Avenue

DateEvent & SourcePriceAppreciation
Aug 24, 2024

Pending

MiamiRE #A11625158

—
Aug 24, 2024

Backup Contract

MiamiRE #A11625158

—
Jul 17, 2024

Listed (Active)

MiamiRE #A11625158

$3,995,000—
Aug 27, 2021

Sold (Public Record)

Public Record #1473965687

$2,165,000

+4.9% / yr

Jul 3, 2011

Expired

MiamiRE #M1459591

—
Jan 3, 2011

Listed (Active)

MiamiRE #M1459591

$825,000—
Dec 30, 2010

Expired

MiamiRE #D1371797

—
Nov 30, 2009

Listed (Active)

MiamiRE #D1371797

$859,000—
Jan 29, 2004

Sold (Public Record)

Public Record #128488433

$930,000

+30.8% / yr

Oct 30, 2002

Sold (Public Record)

Public Record #103575161

$665,000—
DateEvent & SourcePrice
08/24/2024

Pending

MiamiRE #A11625158

—
08/24/2024

Backup Contract

MiamiRE #A11625158

—
07/17/2024

Listed (Active)

MiamiRE #A11625158

$3,995,000
08/27/2021

Sold (Public Record)

Public Record #1473965687

$2,165,000

+4.9% / yr

07/03/2011

Expired

MiamiRE #M1459591

—
01/03/2011

Listed (Active)

MiamiRE #M1459591

$825,000
12/30/2010

Expired

MiamiRE #D1371797

—
11/30/2009

Listed (Active)

MiamiRE #D1371797

$859,000
01/29/2004

Sold (Public Record)

Public Record #128488433

$930,000

+30.8% / yr

10/30/2002

Sold (Public Record)

Public Record #103575161

$665,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 14280 Northeast 6th Avenue

Taxable ValueLand$696,640Additions$2,033,360Total$2,730,000
Tax Record2025$60,446 ($5,037 / month)
Home Facts
Total Finished SqFt10,811 SqFtAbove Grade Finished SqFt10,811 SqFtStories2Lot Size17,416 SqFtStyleMulti-Family Dwelling (2-4)Year Built1959Zoning3800:MULTI-FACountyMIAMI-DADEAPN06-2219-011-0070

Schools near 14280 Northeast 6th Avenue

This home is within Miami-Dade County Public Schools.
Rating
School
Type
Grades
Distance
North Miami Elementary School
Public - PK to 5
Air Base K-8 Center for International Education
Public - PK to 8
North Miami Middle School
Public - 6 to 8
Robert Morgan Voc-Tech Institute
Public - 9 to 12
Rating
School
Distance
North Miami Elementary School
PublicPK to 5

Air Base K-8 Center for International Education
PublicPK to 8

North Miami Middle School
Public6 to 8

Robert Morgan Voc-Tech Institute
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Fausto Commercial Realty Consultants Inc

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.