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1217 NE 127 ST

1217 NE 127th St, North Miami, FL 33161, USA
$1,795,000

Description

Apex Capital Realty is 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 North Miami, just a few blocks from Biscayne Boulevard and 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. 

PROPERTY OVERVIEW:
Total Building Size: 5,190 SF
Total Lot Size: 10,950 SF
Parking: 8 Private Spots
Year Built: 1958
NOI: $97,000
Zoning: R-5
Current Cap Rate: 5.4 %
Asking Price: $1,795,000 

PROPERTY HIGHLIGHTS:
• 7 (1BR) and 1 (2BR) Apartments
Fully Renovated Units
100% Occupancy
40-Year Recertification Completed
Ample Private Parking 

Property Documents

  • City: North Miami
  • State/county: Florida
  • Country: United States

Detail

Updated on October 18, 2021 at 10:22 am

  • Price: $1,795,000
  • Property Size: 5190 Sq Ft
  • Land Area: 10950 Sq Ft
  • Year Built: 1958
  • Property Type: Multifamily
  • Property Status: For Sale

Contact info

Ron Mann
Ron Mann

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