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13770-13820 NE 3rd Ct
North Miami, FL 33161

The Oaks in North Miami - 77 Units · Multifamily Property For Sale · 77 Units

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