1217 NE 127th St
1217 NE 127th St
1217 NE 127th St
1217 NE 127th St
1217 NE 127th St
1217 NE 127th St
1217 NE 127th St., North Miami, FL 33161
1217 NE 127th St
City:North Miami
Land area:10,950 Sq Ft
Property Status:
For Sale
Price
$1,895,000
Property Summary
Parking:
8 Private Spots
NOI:
$129,460
Zoning:
R-5
Cap Rate:
6.83%
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 Blvd amid shops and retail establishments including Whole Foods, Publix, CVS, Walgreens and more.
This recently renovated property is now being offered for sale at $1,850,000. The property sits on an oversized lot (10,950 SF) and features a spacious unit mix of 7 (1BR/1 BA) and 1 (2BR/2BA) apartments with ample parking for all tenants and guests. All units are rented and provide a steady cash flow with gross rental income of over $167,000 per year.
Recent updates include new Hurricane Impact windows, doors, fences, and complete exterior painting. Included are 20x20 porcelain tile floors, new countertops in kitchen and bathrooms, wood cabinets, updated showers, and bathtubs. High demand for quality rentals in this area has kept 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
This recently renovated property is now being offered for sale at $1,850,000. The property sits on an oversized lot (10,950 SF) and features a spacious unit mix of 7 (1BR/1 BA) and 1 (2BR/2BA) apartments with ample parking for all tenants and guests. All units are rented and provide a steady cash flow with gross rental income of over $167,000 per year.
Recent updates include new Hurricane Impact windows, doors, fences, and complete exterior painting. Included are 20x20 porcelain tile floors, new countertops in kitchen and bathrooms, wood cabinets, updated showers, and bathtubs. High demand for quality rentals in this area has kept 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
Lot & Building Size Breakdown:
Total Building Size:
5,190 SF
Total Lot Size:
10,950 SF
Property Highlights
7 (1BR) and 1 (2BR) Apartments
Fully renovated units
100% Occupancy
40-Year Recertification Completed
New Hurricane Windows
Ample Private Parking
Details
Property size: 5,190 Sq Ft
Property Status:
For Sale
Property Type: Multifamily
Land Area: 10,950 Sq Ft
Year Built: 1958
Address
City: North Miami
State/country: FL
Documents
Property Brochure 
1217 NE 127th St., North Miami, FL 33161
1217 NE 127th St
City:North Miami
Land area:10,950 Sq Ft
Property Status: For Sale
Price$1,895,000
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Our contacts
APEX Capital Realty
561 NE 79 ST Suite 420 Miami, FL 33138
(305) 570-2600
info@apexcapitalrealty.com
Press inquiries contact:
info@apexcapitalrealty.com
