1217 127th St ,Free Standing, Income Non-waterfront, Residential-multi-family for Sale

1217 127th St for Sale

Price $2,095,000.00

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

Description

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 $2,095,000. The property features a spacious unit mix of seven 634 SF one bedrooms and one 725 SF 2 Bedroom/2-bathroom apartments. All units are rented and providing a steady cash flow, with 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

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 $2,095,000. The property features a spacious unit mix of seven 634 SF one bedrooms and one 725 SF 2 Bedroom/2-bathroom apartments. All units are rented and providing a steady cash flow, with 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:3700,List A O R:A-Miami Association of REALTORS,Stories:1,Latitude:25.8929233,List Price:2095000,Listing Id:A11425419,Longitude:-80.1737745,Mls Status:Active,Year Built:1958,Postal Code:33161,Street Name:127th St,Coordinates:1:25.8929233,Photos Count:11,Days On Market:110,Lot Size Units:Square Feet,On Market Date:2023-07-26,Parcel Number:06-22-29-037-0050,Parking Total:8,Property Type:Commercial Sale,Stories Total:1,Street Number:1217,Public Remarks: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 $2,095,000. The property features a spacious unit mix of seven 634 SF one bedrooms and one 725 SF 2 Bedroom/2-bathroom apartments. All units are rented and providing a steady cash flow, with 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,List Office Name:APEX Capital Realty LLC,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,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,M I A M I R E_ For Sale Y N:1,Number Of Buildings:1,Original List Price:2200000,Previous List Price:2150000,Public Survey Range:22,I D X Participation Y N:1,Syndication Remarks: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 $2,095,000. The property features a spacious unit mix of seven 634 SF one bedrooms and one 725 SF 2 Bedroom/2-bathroom apartments. All units are rented and providing a steady cash flow, with 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:2023-07-26,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:2023-07-26,Internet Address Display Y N:1,Number Of Units In Community:8,Dual Variable Compensation Y N:1,Transaction Broker Compensation:2%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,