11520 NE 6th Ave 12 Unit Apartment Building $3,100,000 ($258,333/Unit) 5.02% Cap Rate Biscayne Park, FL 33161

This 12-unit boutique building is located in the heart of North Miami, small city of Biscayne Park, just a few blocks from shops such as Whole Foods, Publix, Home Depot, CVS, Walgreens and more. Biscayne park has only private houses except for two 2-story apartment buildings, one of which is this one. The building consists of 12 studios. Most units feature upgrades consisting of new flooring, updated kitchens, bathrooms and appliances. The property features on-site laundry room and a large parking area. The building offers an investor the opportunity to purchase a greatly located stable cash flowing asset with potential rent increase. The investment opportunity offers amazing rents on day one with the ability to increase rents significantly in a location that simply cannot be beaten.