16890 NE 21st Ave 10 Unit Apartment Building $2,978,266 CAD ($297,827 CAD/Unit) 5.62% Cap Rate North Miami Beach, FL 33162

16890 Northeast 21st Avenue is a two-story, 10-unit apartment building constructed in 1964 of concrete block and painted stucco with a flat roof. The building totals 6,763 square feet on a 10,000-square-foot lot, according to the Miami-Dade County Property Appraiser. The unit mix consists of eight (8) one-bedroom/one-bathroom apartments of which six (6) have been recently renovated and (2) two-bedroom/two-bathroom apartments of which one (1) has been recently renovated. Units feature ceramic tile or vinyl, wood-plank flooring, electric appliances and wall air conditioning units. Common area amenities include a fenced perimeter and laundry room.
16890 Northeast 21st Avenue is located in North Miami Beach, Florida, with convenient access to Federal Highway (US-1) and Biscayne Boulevard, placing residents near major employment corridors and a dense concentration of retail, dining, and entertainment options. The surrounding 5-mile area reports an average household income of $92,867 and population growth of 7.82% since 2010. Residents benefit from walkable access to Greynolds Park and Greynolds Golf Course, with close proximity to Aventura Mall, Sunny Isles Beach, Haulover Beach, and numerous national retailers and restaurants.