Million-Dollar Neighborhood! Presenting an impeccable 8-unit multifamily apartment income property located in the vibrant City of North Miami, FL, in the heart of the Biscayne Park area. One of the unique features of this property is its value-add potential, as it has the right to build an additional up to 14 unit and add 6 units to the existing structure, plans available could significantly boost cash flow. Additionally, it has recently passed the 40-year certification, ensuring structural integrity. Many upgrades, including impact windows, have been carried out. Great opportunity SELLER FINANCE UP TO 30 %It is rented 25% below market value. Pro forma calculated by Miami Dade Housing 2024
Sold for $1,600,000
$1,600,000
12240 NE 5th Ave, North Miami, FL 33161
5beds
4baths
4,479sqft
Quadruplex
Built in 1951
-- sqft lot
$-- Zestimate®
$357/sqft
$6,564 Estimated rent
Home value
Not available
Estimated sales range
Not available
$6,564/mo
Zestimate® history
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$11,135/mo
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Zillow last checked:
Listing updated:
Listed by:
Nicolas Vicente 917-593-4004,
Mia MGMT Group, LLC.
Bought with:
Nicolas Vicente, 3419240
Mia MGMT Group, LLC.
Source: MIAMI,MLS#: A11446202
Originating MLS: A-Miami Association of REALTORS
Originating MLS: A-Miami Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
Heating
- Other
Cooling
- Other
Features
- Flooring: Ceramic Tile, Tile
- Windows: Clear Impact Glass, High Impact Windows
Interior area
- Total structure area: 4,479
- Total interior livable area: 4,479 sqft
Property
Parking
- Total spaces: 12
Features
- Stories: 1
- Patio & porch: Patio
- Exterior features: Barbecue
Lot
- Features: Less Than 1/4 Acre Lot
Details
- Parcel number: 0622300310250
- Zoning: 3700
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Quadruplex
Materials
- Concrete Block Construction
- Roof: Other,Shingle
Condition
- Year built: 1951
Details
- Builder model: 8 Unit Rental Income
Utilities & green energy
- Sewer: Public Sewer
- Water: Municipal Water
Community & HOA
Community
- Subdivision: Biscayne Park Estates,8 Unit Rental Income
HOA
- Has HOA: No
Location
- Region: North Miami
Financial & listing details
- Price per square foot: $357/sqft
- Tax assessed value: $1,193,944
- Annual tax amount: $14,702
- Date on market: 9/1/2023
- Listing terms: All Cash,Conventional,1031 Exchange
Price history
| Date | Event | Price |
|---|---|---|
| 5/24/2024 | Sold | $1,600,000-15.8%$357/sqft |
Source:  MIAMI #A11446202 Report a problem | ||
| 4/19/2024 | Contingent | $1,900,000$424/sqft |
Source: MIAMI #A11446202 Report a problem | ||
| 3/18/2024 | Price change | $1,900,000-7.3%$424/sqft |
Source: MIAMI #A11446202 Report a problem | ||
| 2/6/2024 | Price change | $2,050,000-2.4%$458/sqft |
Source: MIAMI #A11446202 Report a problem | ||
| 1/15/2024 | Price change | $2,100,000-2.3%$469/sqft |
Source: MIAMI #A11446202 Report a problem | ||
| 10/27/2023 | Price change | $2,150,000-6.5%$480/sqft |
Source: MIAMI #A11446202 Report a problem | ||
| 10/9/2023 | Listed for sale | $2,300,000$514/sqft |
Source: MIAMI #A11446202 Report a problem | ||
| 9/29/2023 | Contingent | $2,300,000$514/sqft |
Source: MIAMI #A11446202 Report a problem | ||
| 9/1/2023 | Listed for sale | $2,300,000+76.9%$514/sqft |
Source: MIAMI #A11446202 Report a problem | ||
| 4/12/2022 | Sold | $1,300,000-6.5%$290/sqft |
Source: MIAMI #A11135514 Report a problem | ||
| 3/9/2022 | Pending sale | $1,390,000$310/sqft |
Source: MIAMI #A11135514 Report a problem | ||
| 3/3/2022 | Listed for sale | $1,390,000$310/sqft |
Source: MIAMI #A11135514 Report a problem | ||
| 2/5/2022 | Listing removed | -- |
Source:  Douglas Elliman Report a problem | ||
| 1/10/2022 | Listed for sale | $1,390,000$310/sqft |
Source: MIAMI #A11135514 Report a problem | ||
| 1/5/2022 | Pending sale | $1,390,000$310/sqft |
Source: MIAMI #A11135514 Report a problem | ||
| 12/13/2021 | Listed for sale | $1,390,000+117.2%$310/sqft |
Source: MIAMI #A11135514 Report a problem | ||
| 3/20/2017 | Sold | $640,000+77.8%$143/sqft |
Source: Public Record Report a problem | ||
| 12/3/2014 | Sold | $360,000+133.8%$80/sqft |
Source: Public Record Report a problem | ||
| 2/28/2013 | Sold | $154,000-71.2%$34/sqft |
Source: Public Record Report a problem | ||
| 1/19/2006 | Sold | $535,000+161%$119/sqft |
Source: Public Record Report a problem | ||
| 11/30/1999 | Sold | $205,000$46/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $26,436 +2.2% | $1,193,944 +3.2% |
| 2024 | $25,875 +10.5% | $1,156,579 +10% |
| 2023 | $23,409 +59.2% | $1,051,436 +80% |
| 2022 | $14,702 +20% | $584,245 +10% |
| 2021 | $12,254 +13.1% | $531,132 +12.4% |
| 2020 | $10,838 +3% | $472,335 +6.8% |
| 2019 | $10,525 +16.1% | $442,300 +10% |
| 2018 | $9,068 | $402,091 -3.6% |
| 2017 | $9,068 -4.7% | $417,299 +2% |
| 2016 | $9,514 +2.7% | $408,929 +5.8% |
| 2015 | $9,265 +69.6% | $386,363 +72.4% |
| 2014 | $5,463 -6.2% | $224,130 -5.7% |
| 2012 | $5,825 -8% | $237,649 -6.4% |
| 2011 | $6,335 -33.5% | $253,977 -36% |
| 2009 | $9,529 -2% | $397,034 |
| 2006 | $9,725 | -- |
| 2005 | $9,725 | -- |
Find assessor info on the county website
Neighborhood: Central
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Nearby schools
GreatSchools rating
- 8/10Gratigny Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 5/10North Miami Middle SchoolGrades: 6-8Distance: 0.9 mi
- 2/10North Miami Senior High SchoolGrades: 9-12Distance: 0.7 mi
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- Florida
- Miami-Dade County
- North Miami
- 33161
- Central
- 12240 NE 5th Ave
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