1450 NE 170 St, North Miami Beach, FL
Multi-family for Sale - $1,269,800 - 5,332 Sq. Ft.
Property Info
| CIMLS# | 1139339 |
| Location 1450 NE 170 St North Miami Beach FL 33162 | |
| Updated | March 6th, 2023 |
| Type | Multi-family |
| Price | $1,269,800 |
| Building | 5,332 Sq. Ft. |
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