Exceptional Multifamily Property in Promising Redevelopment Area! Welcome to 340 NE 125th St-a multifamily property set amidst the thriving hub of North Miami, FL. This comprehensive property promises you a blend of comfort, style, boasting a cap rate exceeding 5%. Spread over 3,289 sqft, the property includes 2 structures-a charming single-story residence & a sizeable 2-story building comprised of 3 efficiencies. Both structures had a new roof installed in 2016. The SFH is a serene abode w/ cozy living spaces, lush natural light, central AC, & hardwood flooring that gives it a warm, welcoming vibe. The two-story building consists of 3 large efficiencies, each one beautifully remodeled. This property holds significant development potential, making it an excellent investment opportunity.
Property Details
Price:
$1,175,000
MLS #:
A11599898
Status:
Active
Beds:
0
Baths:
0
Address:
340 NE 125th St
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
GRIFFING BISCAYNE PK ESTA
City:
North Miami
Listed Date:
Jun 3, 2024
State:
FL
Finished Sq Ft:
3,289
ZIP:
33161
Year Built:
1927
Units:
4
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Schools
Interior
Cooling
Central Air, Wall/ Window Unit(s)
Flooring
Vinyl, Wood
Heating
Central, Window/ Wall
Exterior
Architectural Style
Detached
Exterior Features
Other
Parking Spots
6
Roof
Flat Tile
Financial
Buyer Agent Compensation
2%%
Tax Year
2023
Taxes
$16,303
Map
Community
- Address340 NE 125th St North Miami FL
- CityNorth Miami
- CountyMiami-Dade County
- Zip Code33161
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