Investment Overview

Marcus & Millichap is pleased to present 16890 Northeast 21st Avenue in North Miami Beach, a multifamily property comprised of 10 units. SUBJECT PROPERTY 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. LOCATION 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. Surrounding retailers and points of interest include North Miami Beach Police Department (0.3 miles), Julius Littman Performing Arts Theater (0.3 miles), Victory Park Pool (0.5 miles), Judge Arthur Snyder Tennis Center (0.5 miles), Greynolds Park / Greynolds Golf Course (0.8 miles), Houston’s (0.9 miles), Morton’s The Steakhouse (0.9 miles), P.F. Chang’s (1.0 miles), Plum Market (1.1 miles), The Vitamin Shoppe/BurgerFi/Panera Bread (1.3 miles), Fresh Market (1.4 miles), Dick’s Sporting Goods (1.5 miles) and Walgreens Pharmacy (1.8 miles). Additionally, just a short drive from the property is the Brightline Station (Aventura) (2.3 miles), Aventura Mall (2.3 miles), and Fort Lauderdale-Hollywood International Airport (14.4 miles). Nearby educational facilities include North Miami Beach High School (1.5 miles), John F. Kennedy Middle School (1.7 miles), Saint Lawrence Elementary School (1.7 miles), and Scheck Hillel Community School K-12 (1.9 miles). SUMMARY 16890 Northeast 21st Avenue is being offered for sale at $2,150,000 or $215,000 per unit.