$1,075,000
$25K PRICE DROP

2072 NE 169th St Unit 9, 11, 12 & 5 North Miami Beach, FL 33162

North Miami Beach City Center Neighborhood

Estimated payment $6,218/month

Total Views 3,479
8 Beds
8 Baths
1,025 Sq Ft
$1,049 Price per Sq Ft

Highlights

  • Views
  • Heating Available
  • 4-minute walk to Victory Park
  • Central Air

About This Home

PRICE REDUCED – FANTASTIC MULTIFAMILY INVESTMENT OPPORTUNITY
Exceptional opportunity to acquire 4 rental apartments in a well-maintained 12-unit building. All units include separate electric meters, and tenants pay their own electricity
All units included in the sale
Unit #5 – 750 SF | Rented at $1,800/month
Unit #9 – 1,025 SF | Rented at $1,685/month
Unit #11 – 750 SF | Vacant
Unit #12 – 785 SF | Rented at $1,500/month

Value-Add Upside
Units are currently well below market rents, allowing for significant rental growth and improved cash flow as leases turn.

Operating Details
HOA Fee: $400/month per unit
HOA Includes: Water + Garbage
Tenant Paid: Electricity (separately metered)
Pricing
Selling as a portfolio only:
$268,750 per unit
Total Investment: $1,075,000

Listing Agent

David Heinrich

The Keyes Company Brokerage Phone: 305-926-3106 License #3187652 Listed on: 08/27/2024

The Keyes Company

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,286

Year Built

  • Built in 1963

HOA Fees

  • $400 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 1,025 Sq Ft Home
  • 2-Story Property
  • Electric Range
  • Property Views

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Full Bathrooms

Parking

  • On-Street Parking
  • Open Parking

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 07-22-09-012-0090

Community Details

Overview

  • 2072 Ne 169 Street Nmb Condos
  • 2072 Ne 169 St Corp Condo Subdivision

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,286

Year Built

Built in 1963

Lot Details

0

HOA Fees

$400 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1963
  • Property Sub Type: Condominium
  • Directions: GPS
  • Entry Level: 2
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Structure Type: Condo 1-4 Stories, Condo
  • Subdivision Name: 2072 NE 169 ST CORP CONDO
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • Attribution Contact: 305-926-3106
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Range, Refrigerator
  • Interior Amenities: Other
  • Full Bathrooms: 8
  • Total Bedrooms: 8
  • Flooring: Other
  • Living Area: 1025
  • Stories: 2
  • Bedroom Features: Other

Exterior Features

  • View: Other View
  • Exterior Features: Other
  • Construction Type: Other
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: 2072 NE 169 Street NMB
  • Open Parking: Yes
  • Parking Features: On Street

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Other
  • Heating Yn: Yes
  • Security: Other

Condo/Co-op/Association

  • Association Fee: 400
  • Amenities: Other
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 07-22-09-012-0090

Rental Info

  • Pets Allowed: No

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 2286

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,771 $134,497 -- --
2024 $2,647 $122,270 -- --
2023 $2,647 $111,155 $0 $0
2022 $2,165 $101,050 $0 $0
2021 $2,084 $94,000 $0 $0
2020 $1,381 $84,900 $0 $0
2019 $1,286 $80,900 $0 $0
2018 $1,112 $68,600 $0 $0
2017 $931 $38,545 $0 $0
2016 $900 $35,041 $0 $0
2015 $874 $31,856 $0 $0
2014 $697 $28,960 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/04/2025 09/04/25 Price Changed $1,075,000 -2.3% $1,049 / Sq Ft
02/21/2025 02/21/25 Price Changed $1,100,000 +2.1% $1,073 / Sq Ft
02/11/2025 02/11/25 Price Changed $1,077,000 +7.8% $1,051 / Sq Ft
01/17/2025 01/17/25 Price Changed $999,000 -4.4% $975 / Sq Ft
11/25/2024 11/25/24 Price Changed $1,045,000 -4.9% $1,020 / Sq Ft
11/19/2024 11/19/24 Price Changed $1,099,000 +5.2% $1,072 / Sq Ft
09/17/2024 09/17/24 Price Changed $1,045,000 -5.0% $1,020 / Sq Ft
08/27/2024 08/27/24 For Sale $1,100,000 -- $1,073 / Sq Ft
Source: MIAMI REALTORS® MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $120,000 Attorney
Warranty Deed $83,000 --
Warranty Deed $37,500 --
Quit Claim Deed $100 --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $30,000 New Conventional
Source: Public Records

Source: MIAMI REALTORS® MLS

MLS Number: A11648951

MIAMI REALTORS® MLS

APN: 07-2209-012-0090

Florida Miami/Dade County North Miami Beach 33162 North Miami Beach City Center

2072 NE 169th St Unit 9, 11, 12 & 5, North Miami Beach, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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David Heinrich
Listing Agent
David Heinrich
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The Keyes Company
(786) 744-3060