Oak Ranch Manor 570 NE 145th St Immeuble residentiel 7 lots 1 138 189 € (162 598 €/Lot) Taux de capitalisation 6,38 % North Miami, FL 33161

Horvath & Tremblay is pleased to present the exclusive sale of Oak Ranch Manor, a multi-family investment property located at 570 NE 145th Street in North Miami, Florida (“The Property”). Oak Ranch Manor was built in 1959 of reinforced concrete block and contain seven (7) residential units with 3,780 square feet of living area on 0.22 acres of land. The Property offers a unit mix of seven (7), 1-Bedroom/1-Bathroom apartments with fully equipped kitchens, wall & window air conditioning units, tiled or vinyl plank flooring (in select units). On-site amenities include an unused laundry room with electrical and waterline hook-ups to install laundry for additional income, plus ample parking for residents & guests. The Property offers a stable investment that has been well-maintained and under the same ownership since 2002. Three units have been subject to renovations and include new kitchen cabinets, countertops, stainless steel appliances, new bathrooms that include pedestal vanities, low-flow toilets and fixtures, as well as modern vinyl plank flooring throughout. Additionally, the building has completed the required 40/10 Year Recertification program, which is good until 2029. Oak Ranch Manor is situated in an excellent location at the intersection of NE 145th Street with NE 6th Avenue (FL-915), the city’s primary north-south artery that goes straight through the heart of downtown North Miami. The Property is conveniently located near an appealing array of retailers, restaurants, bars, and service amenities, public transportation options, major roads and is in close proximity to major attractions and points of interest in the area including Downtown Miami, the Miami-Opa Locka Executive Airport, Miami International Airport, Championship Golf Courses, and the World-Famous Miami Beaches.