1450 NE 170 St, North Miami Beach, FL

Multi-family for Sale - $1,269,800 - 5,332 Sq. Ft.


Agent Info

Thomas Hammond

Property Info

CIMLS#1139339
Location
  1450 NE 170 St
  North Miami Beach FL 33162
UpdatedMarch 6th, 2023
TypeMulti-family
Price$1,269,800
Building5,332 Sq. Ft.

Attached Documents


Property Description

Nice income producing apartment/Condos. Well established long term rental history. Well maintained boutique building in the heart of North Miami Beach. Tiled floors. Units are rented month to month, very low history of any vacancies. Owner self manages. Very low maintenance. Six units to be purchased together. Two other listings break these up in to groups of 3 units each. Call listing agent for details. Good CAP rate. All units are tenant occupied and cannot be shown until a reasonable offer is made from a vetted/qualified buyer. Showings will be arranged with owner or listing agent. Unit 303 (PID0722080360510), Unit 304 (PID0722080360520), Unit 310 (PID0722080360580), Unit 202 (PID0722080360250), Unit 214 (PID0722080360370), & Unit 217 (PID0722080360400)

Please do not go on property. All units are tenant occupied and cannot be shown until a reasonable offer is made from a vetted/qualified buyer. Showings will be arranged with owner or listing agent. See financials for rent-roll/pricing. This listing is for Units 303,304,310 & 202 at 1450 NE 170St, & 214 & 217 at 1430 NE 170S


Financials

Annual Rent: $106,680 current, $113,520 PROFORMA

Expenses: $44,139 current and PROFORMA

NOI: $62,541 CURRENT, $70,850

CAP: 4.93% CURRENT, 5.58% PROFORMA



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