Multi-housing / PRS

Oaks in North Miami

13820 NE 3rd Court North Miami, FL United States 33161
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Key Facts

Year Built 2008
Building Area
Occupancy 96.0 %

Property Description

The Oaks in North Miami was built to condo-quality specifications with concrete block construction, featuring 2- and 3-bedroom floor plans. The Property is just 1 mile east of Interstate-95 and is strategically located equidistant from Miami and Fort Lauderdale CBDs, South Florida’s largest employment centers and within close proximity to some of South Florida’s largest demand drivers, necessity retail, and desirable recreation; 4 miles from Sunny Isles Beach, 5 miles from Aventura Mall and 4 miles from Florida International University’s Biscayne Bay Campus.

Investment Highlights

Jones Lang Lasalle (“JLL”) is pleased to exclusively offer the opportunity to acquire 77 condominium units within The Oaks in North Miami (the “Property” or “Offering”), a 96-unit garden-style fractured condominium property in the rapidly growing North Miami submarket of Miami-Dade County. Ownership has title to 77 out of 96 residential units (or 80.2%) of Oaks in North Miami, currently run as a traditional rental community, and full control of the COA. The Offering demonstrates tremendous upside potential through streamlined operations and interior/exterior upgrades, as well as a clear path to collapsing the association through the acquisition of additional units.
Victor Garcia
Victor Garcia
Director
Licensed in
FL-BK3213205
Simon Banke
Simon Banke
Director

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