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1217 NE 127th St

North Miami, FL 33161
  • $1,795,000
  • STATUS: Active
  • ON SITE: 45 Days
  • MLS #: A11112823
UPDATED: 33 min ago
$1,795,000
  • 0
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1958
County:

School Ratings & Info

Description

Proud to exclusively present for sale 1217 NE 127 Street. This 8-unit boutique multifamily building is located in one of the best areas in N Miami, just a few blocks from Biscayne Blvd & bustling 125th Street. This recently renovated property is now being offered for sale at $1,795,000. The property features a spacious unit mix of seven 634 SF one bedrooms and one 725 SF 2 Bedroom/2-bathroom apartments. All units are rented and providing a steady cash flow, with gross rental income of $123,540 per year. High demand for quality rentals in this area has kept rent prices rising and will continue to do so for the foreseeable future. Middle income multifamily properties in great neighborhoods, such as this property, have proven strong performance and resilience in down markets.

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Copyright 2021, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' 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. Copyright 2021, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2021-12-03T11:50:52.427.
www.bestbrowardrealestate.com/homes/122531377
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1217 NE 127th St North Miami, FL 33161

  • Price: $1,795,000
  • Status: Active
  • On Site: 45 Days
  • Updated: 33 min ago
  • MLS #: A11112823
0
Beds
0
Baths
0
½ Baths
0.25
Acres
1958
Built
County:
Miami-Dade
Property Description
Proud to exclusively present for sale 1217 NE 127 Street. This 8-unit boutique multifamily building is located in one of the best areas in N Miami, just a few blocks from Biscayne Blvd & bustling 125th Street. This recently renovated property is now being offered for sale at $1,795,000. The property features a spacious unit mix of seven 634 SF one bedrooms and one 725 SF 2 Bedroom/2-bathroom apartments. All units are rented and providing a steady cash flow, with gross rental income of $123,540 per year. High demand for quality rentals in this area has kept rent prices rising and will continue to do so for the foreseeable future. Middle income multifamily properties in great neighborhoods, such as this property, have proven strong performance and resilience in down markets.
Exterior Features

Pool Private YN No View YN No Waterfront YN No

Interior Features

Building Area Total 5190

Property Features

Association YN No Business Type ApartmentsResidential-Multi-Family Horse YN No Internet Address Display YN Yes Internet Automated Valuation Display YN No Internet Entire Listing Display YN Yes New Construction YN No Public Survey Section 29 Senior Community YN No Special Listing Conditions Sale Tax Annual Amount 10532 Zoning 3700

Listing courtesy of Apex Capital Realty Llc.


Copyright 2021, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' 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. Copyright 2021, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2021-12-03T11:50:52.427.
 
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The Teri Arbogast Team at Keller Williams Partners SW
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Pembroke Pines FL, 33028