14305 6 Ave North Miami, FL 33161

This exceptional 10-unit apartment building in North Miami, Florida, presents a compelling investment opportunity. Located at 14305 NE 6th Ave, 33161, this meticulously maintained property boasts 6,742 square feet on a 0.24-acre lot. Built in 1962, the two-story building features a mix of studio, one-bedroom, and two-bedroom units, offering a diverse rental portfolio. The property includes 13 parking spaces, on-site laundry facilities, and secured entrances with surveillance, enhancing tenant appeal and security. The asking price is $2,150,000, or $215,000 per unit, representing a price per square foot of $318.90. Situated on a major North/South traffic corridor, the property benefits from its proximity to numerous public schools, attracting a family-oriented community. Importantly, the property is zoned for 100 units per acre, presenting significant redevelopment potential for future expansion and increased profitability. The building has recently undergone cosmetic improvements and features a new roof. This turn-key asset is a rare find in a desirable location, offering both immediate income and long-term growth prospects. The permitted zoning is 3800 MULTI-FAMILY - 22-37 U/A. There is no ground lease.