This Multifamily Property is no longer advertised on LoopNet.com.
13770-13820 NE 3rd Ct
North Miami, FL 33161
The Oaks in North Miami - 77 Units · Multifamily Property For Sale · 77 Units
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INVESTMENT HIGHLIGHTS
- HIGH QUALITY ASSET WITH SIGNIFICANT VALUE-ADD POTENTIAL
- ADDITIONAL LAND FOR THE DEVELOPMENT OF ADDITIONAL UNITS AND/OR AMENITY SPACE
- PROXIMATE TO MAJOR EDUCATION CENTERS
- NEWLY-CONSTRUCTED AND RENOVATED COMPS DEMONSTRATE ROOM TO GROW RENTS AT THE PROPERTY
- IMMEDIATE HIGHWAY CONNECTIVITY
- 80% UNIT OWNERSHIP AND 100% CONTROL OF ASSOCIATION BOARD
EXECUTIVE SUMMARY
The Oaks in North Miami is a 96-unit garden-style fractured condominium property in the rapidly growing North Miami submarket in Miami-Dade County. The Sponsor has title to 77 out of 96 residential units (80.2%), which are currently being run as a traditional rental community. The Property was built to condo-quality specifications with favorable floor plans and concrete block construction. Current ownership represents 100% of the condominium association board seats and has not yet implemented any kind of interior upgrade program to all 77 units.
PROPERTY FACTS
No. Units | 77 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Garden |
Building Class | B |
Lot Size | 5.17 AC |
Building Size | 83,033 SF |
Average Occupancy | 94% |
No. Stories | 3 |
Year Built | 2008 |
Parking Ratio | 2.6/1,000 SF |
APN / Parcel ID | 06-2219-108-0010 |
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
2+2 | 18 | $1,509 | - |
3+2 | 59 | $1,713 | - |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Refrigerator
- Range
- Dining Room
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Playground
- Gated
- Grill
- Volleyball Court
- Maintenance on site
ZONING
Zoning Code | R-6, 3700 |
Listing ID: 18122616
Date on Market: 1/8/2020
Last Updated:
Address: 13770-13820 NE 3rd Ct, North Miami, FL 33161
The Multifamily Property at 13770-13820 NE 3rd Ct, North Miami, FL 33161 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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