Commercial Sale · Income/MultiFamily
2072 NE 169th St # 12, North Miami Beach FL 33162, NORTH MIAMI BEACH, FL, 33162
Active721 days on marketListed Aug 27, 2024MLS #A11648497
About this property
The property at a glance
PRICE REDUCTION NOW OFFER AT $1,045,000 FOR 4 APARTMENTS OF 2BED/2BATH- EXCELLENT LOCATION Rare opportunity to purchase four (4) large 2BR/2BA condo units together in a well-maintained boutique building with only 12 units total. All units feature spacious layouts, abundant natural light, and strong value-add potential. No rental restrictions and low HOA fees allow for immediate income and strong rent-growth upside through renovations and market adjustments. Ideal for investors seeking stable cash flow with long-term appreciation. Prime location minutes from beaches, Aventura Mall, major highways, shopping, and dining. Seller prefers to sell all four units as a package, not individually. Exceptional opportunity to acquire 4 rental apartments in a well-maintained 12-unit building. All units include separate electric meters, and each tenant pay his own electricity The units included in the sale are: Apt. #5 – 750 SF Apt. #9 – 1,025 SF Apt. #11 – 750 SF Apt. #12 – 785 SF All Four Apartments are currently well below market rents, allowing for significant rental growth and improved cash flow as leases turn. Expenses Details: HOA Fee: $400/month per unit HOA Includes: Water + Garbage Tenant Paid: Electricity (separately metered) Selling as a portfolio only
3,310
Building sq ft
$316
Price / sq ft
0
Lot sq ft
1963
Year built
4900
Zoning
Income/MultiFamily
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$5,050/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask David to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
7,381
Population
$53,325
Median income
37
Median age
2
Avg household
$254,066
Median home value
$1,516/mo
Median rent
921
Households w/ kids
Consumer profile
The party don't stop until the sun comes up. Loud music, crowds, and shots are a recipe for a great night out for these people.
Driven to succeed in the business world, this population seeks to progress in their career through networking happy hours, summits, and connecting with other professionals online.
Interested in the finer things life has to offer, this population wants to display their lifestyle by discussing luxury products. Often references jewelry, cars, and home features.
These folks are conscious about what they eat. They're looking for ingredients that not only taste great, but also have great nutritional benefits.
Seeking peace and well-being through meditation, gratitude and spirituality.
Improving flexibility, strength, and overall well-being is the yogi's aim. This population is looking for the right community, instruction, and accessories.
Recent sales
What actually sold near 2072 NE 169th St # 12
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$1,000,000
2191 NE 167th St, North Miami Beach FL 33162
Sold Aug 30, 2024
$4,150,000
1130 102nd St, Bay Harbor Islands FL 33154
Sold May 1, 2025
$715,000
780 NE 127th St, North Miami FL 33161
Sold Jan 7, 2026
Your team
The pros in your corner
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 2072 NE 169th St # 12 — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 2072 NE 169th St # 12.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Keep looking
Similar properties nearby
Listing courtesy of The Keyes Company · David Heinrich. MLS #A11648497.
IDX information is provided exclusively 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. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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