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11970 NE 19th Dr 11970 NE 19th Dr 10 Unit Apartment Building $3,900,000 ($390,000/Unit) North Miami, FL 33181
Executive Summary
Ten oversized ~1,055 SF units sit as a white canvas while renovation work
is completed, giving a buyer a clean slate and immediate optionality. Three
income paths pencil against the $3,900,000 price: a Long-Term lease-up, a
Section 8 voucher floor, or a furnished Short-Term/quarterly strategy with
utilities included — the highest-yield path, penciling to a 6.1% cap from day
one.
is completed, giving a buyer a clean slate and immediate optionality. Three
income paths pencil against the $3,900,000 price: a Long-Term lease-up, a
Section 8 voucher floor, or a furnished Short-Term/quarterly strategy with
utilities included — the highest-yield path, penciling to a 6.1% cap from day
one.
Property Facts
| Price | $3,900,000 | Apartment Style | Low-Rise |
| Price Per Unit | $390,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Sale Condition | Building in Shell Condition | Building Size | 11,094 SF |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 1.09/1,000 SF |
| Zoning | 3700 - Residential apartments | ||
| Price | $3,900,000 |
| Price Per Unit | $390,000 |
| Sale Type | Investment |
| Sale Condition | Building in Shell Condition |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 11,094 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.09/1,000 SF |
| Zoning | 3700 - Residential apartments |
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- Wi-Fi
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | 300 - 650 |
| 2+1 | 5 | - | 1,000 - 1,100 |
1 1
Moderately walkable
60/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 06-2228-011-0350 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,407,973 |
Property Taxes
Parcel Number
06-2228-011-0350
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,407,973
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11970 NE 19th Dr | 11970 NE 19th Dr
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