1217 NE 127th St North Miami, FL 33161
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, 985, 000. The property features a spacious unit mix of 7 (1BR/1 BA) and 1 (2BR/2BA) apartments. All units are rented and provide a steady cash flow, with gross rental income of over $167, 000 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 TypeCommercial
- NeighborhoodN/A
- CountyMiami-Dade
- Taxes$22,137
- HOA/Condo/Coop Fees$0
- Days on Site16 Days
- MLS StatusActive
- MLS ID NumberA11585063
- Home Size Source N/A
- Year Built1958
- Lot Size0.25 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction Other
- Parking Spaces 8
- Number of Stories 11
- Zoning R-5
Exterior Features
- Waterfront Property No