14280 NE 6TH AVENUE

North Miami, FL 33161

LEASE

THE ALPHA COMMERCIAL ADVISORS® PRESENTS ROYAL OAK APARTMENTS, AN EXPERTLY STABILIZED AND FRESHLY RENOVATED 19-UNIT MULTIFAMILY INVESTMENT IN THE SUPPLY-CONSTRAINED NORTH MIAMI SUB-MARKET…..

Offering diversified unit typologies, reliable in-place income with majority market-rate tenancies, recent comprehensive renovations, and long-term durability with completed 40-Year Recertification, the property delivers turnkey performance with curb appeal that lasts.

The property has undergone a capital improvement overhaul, with extensive property-wide interior & exterior upgrades designed to support stable operations and long-term performance. Impact glass throughout and private terraces in select units enhance the property’s modern aesthetic, attracting tenants and supporting consistently high occupancy levels.

Locationally supreme, North Miami is a submarket benefiting from strong renter demand, limited new multifamily supply, and equidistant proximity to major employment corridors and regional connectors as Biscayne Boulevard, NE 125 ST, NE 163 ST, and I-95.

Neighborhood

Asset Type

Deal Type

Sale

Property Status

Available

Price

$ 3,690,000

Agent Contact Information

JAMIE ROSE MANISCALCO
jamie@thealphacomm.com
201-264-0113

Asset Type: Multifamily
Unit Count: 19
Bldg Area: 8,324 SF
Land Area: 17,416 SF (0.40 acres)
Year Built: 1959
Year Renovated: 2023
Zoning: R-6
Building Recertification:Yes

Price per SF Bldg: $443

Price per SF Land: $211

CAP Rate (In-Place): 6.24%

CAP Rate (Pro-Forma): 6.81%

Price per Door: $194,211

Jamie Rose Maniscalco

jamie@thealphacomm.com

201-264-0113

Miami Shores, FL 33138
$ 1995000

Unit Count: 6
Bldg Area: 4,767 SF
Land Area: 10,000 SF
Zoning: A1
CAP Rate (Pro-Forma): 6.5%
CAP Rate (In-Place): 5%
Price Per Door: $332,500

Miami Shores

Miami, FL 33169
$ 2155000

$70,000 (3.25%)

Unit Count: 8
Bldg Area:
5,973 SF
Land Area: 18,612 SF (0.43 acres)
Zoning: RU-1
CAP Rate (In-Place): 6.84%
CAP Rate (Pro-Forma): 7.87%
Current Occupancy: 100%
Price Per Door: $260,625

West Palm Beach

Little River

Dania-Broward

LIBERTY CITY

OPA-LOCKA

Little Havana

Little River / West LITTLE RIVER

North Miami Beach/AVENTURA

North Miami

Buena Vista/Little Haiti

El Portal/Miami Shores