January 10, 2025 – Hernando Perez of Horvath & Tremblay has arranged the sale of Dover Apartments, a twelve (12) unit multi-family building in North Miami, Florida. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $2,380,000.
Dover Apartments is a 12-unit multi-family property located at 610 NE 123rd Street in North Miami, Florida. The Dover Apartments were built in 1967 of reinforced concrete block and contain twelve (12) residential units with 9,968 square feet of living area. The Property offers a fantastic unit mix of (4) large 2-Bedroom/2-Bathroom, and (8) spacious 1-Bedroom/1-Bathroom apartments with fully equipped “Galley Style” kitchens, separate dining area & living room, with central air conditioning, tiled floors, and assigned parking for tenants & guests, plus onsite laundry facilities for additional income. The Property offers a stable investment that has been under the same ownership since 2001, has been well maintained and historically 100% occupied with long-term tenants on month-to-month leases. The Property received a new flat roof in 2018, a new “Mansard Roof” in 2021, new impact doors on most entryways, 8 of 12 central AC units are new, newer kitchens cabinets throughout, and all bathrooms have been renovated. Additionally, there are upgraded electrical brakers & panels throughout, including the main electrical panel, with a 40-Year Recertification current until 2028. The Dover Apartments are situated in an excellent location on a residential street in the heart of 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.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. Their advisors specialize in the sale of apartment buildings, mixed-use properties and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.