1217 127th St ,Commercial, Residential-multi-family for Sale & Rent

1217 127th St for Sale & Rent

Price $2,200,000.00

• Lot size 10950
• Year Build 1958
• Waterfront
• Zip 33161
• Style
• Parking Description
• Pool Yes
• Status Active

Description

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 $2,200,000. The property features a spacious unit mix of seven 634 SF one bedrooms and one 725 SF 2 2-bedroom/2-bathroom apartments. All units are rented and provide a steady cash flow, with a gross rental income of $156,000per 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.

HAMPSHIRE HEATH PB 11-46 W1/2 LOT 8 & ALL LOT 9 LOT SIZE 10950 SQUARE FEET OR 20703-4422 09 2002 1 COC 24235-4184 02 2006 1

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 $2,200,000. The property features a spacious unit mix of seven 634 SF one bedrooms and one 725 SF 2 2-bedroom/2-bathroom apartments. All units are rented and provide a steady cash flow, with a gross rental income of $156,000per 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.

City:North Miami,Zoning:R-5,List A O R:A-Miami Association of REALTORS,Stories:1,Latitude:25.8928432,List Price:2200000,Listing Id:A11317690,Longitude:-80.1738087,Mls Status:Active,Year Built:1958,Postal Code:33161,Street Name:127th St,Coordinates:1:25.8928432,Photos Count:7,Lot Size Units:Square Feet,On Market Date:2022-12-20,Parcel Number:06-22-29-037-0050,Parking Total:8,Property Type:Commercial Sale,Stories Total:1,Street Number:1217,Public Remarks: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 $2,200,000. The property features a spacious unit mix of seven 634 SF one bedrooms and one 725 SF 2 2-bedroom/2-bathroom apartments. All units are rented and provide a steady cash flow, with a gross rental income of $156,000per 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.,County Or Parish:Miami-Dade County,Expiration Date:2023-06-20,List Office Name:APEX Capital Realty LLC,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:5144,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:NE,Tax Annual Amount:19617,Unparsed Address:1217 NE 127th St, North Miami FL 33161,Listing Agreement:Exclusive Agency,Building Area Total:5190,Building Area Units:Square Feet,Lot Size Square Feet:10950,Number Of Buildings:1,Original List Price:2200000,Public Survey Range:22,Documents Available:1:Rent Rolls,I D X Participation Y N:1,Syndication Remarks: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 $2,200,000. The property features a spacious unit mix of seven 634 SF one bedrooms and one 725 SF 2 2-bedroom/2-bathroom apartments. All units are rented and provide a steady cash flow, with a gross rental income of $156,000per 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.,Listing Contract Date:2022-12-20,Originating System I D:miamire,Public Survey Section:29,Street Number Numeric:1217,Tax Legal Description:HAMPSHIRE HEATH PB 11-46 W1/2 LOT 8 & ALL LOT 9 LOT SIZE 10950 SQUARE FEET OR 20703-4422 09 2002 1 COC 24235-4184 02 2006 1,Public Survey Township:22,Originating System Name:Miami Association of REALTORS?,Contract Status Change Date:2022-12-20,Internet Address Display Y N:1,Number Of Units In Community:2,Internet Entire Listing Display Y N:1,