1217 NE 127th St., North Miami, FL 33161

For Sale

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

Ron Mann ron@apexcapitalrealty.com

Price $1,985,000

Property Summary

Parking: 8 Private Spots

NOI: $125,260

Zoning: R-5

Cap Rate: 6.31%

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 $1,985,000. 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 $157,000 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.
For Full Financials and OM, Please contact Ron Mann at 305-490-1404 or ron@apexcapitalrealty.com.

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

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 download

Listing Agents

Ron Mann Commercial Advisor

(305) 490-1404 ron@apexcapitalrealty.com

Featured properties

1217 NE 127th St., North Miami, FL 33161 1217 NE 127th St Multifamily Ron Mann 10 months ago $1,985,000