About This Property

Presenting 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, this asset 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. This is a rare opportunity to acquire for $189K/door a full renovated and stabilized asset.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.Price Per Door: $189,211In-Place CAP: 6.2%Pro-Forma CAP: 7%Current Occupancy: 100%

Key Features

• 17,416 sq ft Lot
• Built in 1959

Property Details

• Type: Single Family Home
• Year Built: 1959
• Lot Size: 17,416 sq ft
• HOA: Contact Agent
• Bedrooms: 0
• Bathrooms: 0
• Feature: 17,416 sq ft Lot
• Feature: Built in 1959
• Status: Active
• MLS Number: 1149686585
• Days on Market: 321
• Listed By: The Alpha Commercial Advisors LLC · Jamie Maniscalco
• Zip Code: 33161