Property Description

This 8-unit boutique multifamily building 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.

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. Fully renovated with ample assigned parking for tenants and guests.

New Hurricane Impact windows, fences, and exterior painting. Included are 20×20 porcelain tile floors, new countertops in kitchen and bathrooms, updated showers, bathtubs. 40-year recertification completed. Annual NOI of $121,000 with current 6.53% cap rate.

Contact Agent for Full Brochure including Financials and Rent Roll

Features
: 8
: Ceramic Floor
: Assigned
: Slate
: Smoke Alarm, Security System, Smoke Detector(s), Security Fence
Address Map
FL
Miami-Dade County
North Miami
33161
1217 NE 127th St
0
W81° 49' 34.3''
N25° 53' 34.5''
MLS Addon
: Plaster
4
: Building & Land
: All Cash
: New Construction
: Sale
1
$24,708
3700

Commercial Sale For Sale

1217 NE 127th St, North Miami, Florida 33161

10,950 Sqft
$1,845,000
Listing ID #A11746150
Basic Details
Property Type : Commercial Sale
Property SubType : Income/multifamily
Listing Type : For Sale
Listing ID : A11746150
Price : $1,845,000
Year Built : 1958
Lot Area : 10,950 Sqft
Building Area : 5,190 Sqft
Status : Active
Agent info
Contact Agent