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13155 NE 6th AVE North Miami

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Address: 13155 NE 6th Ave, North Miami, FL 33161, USA

Florida & Gulf Coast + Apartment Buildings

Created date: March 31, 2025

Date last updated: March 31, 2025

Property Description

Located in the heart of North Miami, Salem House is a 32-unit apartment complex featuring a desirable unit mix: 15 one-bedroom/one-bathroom apartments, 15 two-bedroom/one-bathroom apartments, and 2 two-bedroom/two-bathroom apartments. Residents enjoy spacious living spaces, on-site laundry facilities and convenient parking. Salem House is ideally situated at 13155 NE 6th Avenue, nestled between Northeast 125th Street and Northeast 135th Street, two key east-west corridors in northeast Miami-Dade County. The property offers easy access to major thoroughfares, including Interstate 95 and Biscayne Boulevard, making travel throughout Miami effortless. The property is available for $7,800,000, which translates to $243,750 per unit or approximately $250 per square foot. With many tenants currently on month-to-month leases, a new owner has the opportunity to quickly adjust rents to market rates, potentially enhancing returns. ASSUMABLE FINANCING AVAILABLE: 52% LTV, 3.95% interest rate, maturity in 2029.

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Key Property Information

Listing Status:	Available
Listing Type:	Highest & best offer
Property Types:	Apartment Buildings
Price:	$6,800,000
No. of Units:	32
Building Size:	31,128 Sq ft
Lot Size:	38,480.00 Sq ft
Opportunity Zone:	No
Price per unit:	$212,500