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: $189,211 In-Place CAP: 6.2% Pro-Forma CAP: 7% Current Occupancy: 100%
Listing information is provided by the MIAMI Association of REALTORS® MLS and is deemed reliable but not guaranteed. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or renting. RLC Realty Co. is not responsible for errors or omissions.