Seville Apartments

Property feature image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Address: 16030 NE 19th Ct, North Miami Beach, FL 33162, USA
Created date: September 25, 2024
Date last updated: November 27, 2024

• Highly Desirable North Miami Beach Location
• Very Strong Rental Market
• Multiple New Developments in the Immediate Market
• Central Air-Conditioning & Heat
• Off-Street Parking

Property Description

Seville Apartments is a 27-unit apartment building located in the city of North Miami Beach which is in Miami-Dade County, Florida. The building is a three-story apartment community, consisting of 12 one-bedroom/one-bathroom units at approximately 700 rentable square feet, three two-bedroom/one-bathroom units at approximately 775 rentable square feet and 12 two-bedroom/two-bathroom units at about 900 rentable square feet. The units have central air-conditioning and heat, separate hot-water heaters, and patios or balconies. Select units have washer/ dryers in the units. The units have been extensively renovated and updated over the last several years. The common areas also offer tenants on-site laundry rooms, elevator, and open parking for residents and guests. Water, sewer and trash removal are included in the rent. The building was constructed in 1968 and sits on a 0.62-acre site. The property fronts on Northeast 19th Court, several blocks west of Biscayne Boulevard (US-1) and just south of Northeast 163rd Street, which are two of the busiest commercial corridors in northern Miami-Dade County. The property’s neighborhood sits west of West Dixie Highway, east of Northeast 18th Avenue, and south of Northeast 163rd Street. The area is made up of mostly low-to-medium density multifamily buildings and single-family homes. The City of North Miami Beach municipal buildings are about half a mile north of the subject property on Northeast 19th Avenue, and there is a Florida International University campus several blocks north of the subject.

Key Property Information

Listing Status: Available
Listing Type: Highest & best offer
Price: $5,900,000
No. of Units: 27
Cap Rate: 4.31%
GRM /GIM: -1
Average Occupancy: 95
Year Built: 1968
Building Size: 21,525 Sq ft
Lot Size: 0.62 Acres
No. of Stories: 3
APN: 07-2216-016-0890
Zoning Code: RM-23
Opportunity Zone: No
Price per unit: $218,519
Property Website Click Here
Address: 16030 NE 19th Ct, North Miami Beach, FL 33162, USA

FINANCIAL DETAILS

Income/expense info: Actual
Financial year: 2024
Effective Gross income: 490334
Operating expenses: 236211
Net operating income: 254123

Additional contacts

Full name Phone number Email address
Felipe Echarte (954) 245-3444 [email protected]
Evan Kristol (954) 245-3459 [email protected]

Similar Properties in the Area

4807 Center Drive, Unit 0

Tallahassee, Florida
Florida & Gulf Coast + 2-4 Units
Units: 2
Price: $220,000

6047 & 6049 32ND STREET N

ST PETERSBURG, Florida
Florida & Gulf Coast + 2-4 Units
Units: 2
Price: $375,000

7238 NEW YORK AVENUE

HUDSON, Florida
Florida & Gulf Coast + 2-4 Units
Units: 3
Price: $348,000

Brokers

View All

Lenders

View All
popup background image