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

1217 127th St for Sale

Price $1,925,000.00

  • Lot size 10950
  • Year Build 1958
  • Waterfront
  • Zip 33161
  • Style
  • Parking Description Free Parking
  • Pool Yes
  • Status Active
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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 Blvd amid shops & retail establishments including Whole Foods, Publix, CVS, Walgreens and more. This recently renovated property is now being offered for sale at $1,925,000. The property sits on an oversized lot (10,950 SF) and features a spacious unit mix of 7 (1BR/1BA) and 1 (2BR/2BA) apartments, with the gross rental income of over $157,000. 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 & resilience in down markets.

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.

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 Blvd amid shops & retail establishments including Whole Foods, Publix, CVS, Walgreens and more. This recently renovated property is now being offered for sale at $1,925,000. The property sits on an oversized lot (10,950 SF) and features a spacious unit mix of 7 (1BR/1BA) and 1 (2BR/2BA) apartments, with the gross rental income of over $157,000. 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 & resilience in down markets.

City:North Miami,Zoning:R-5,List A O R:A-Miami Association of REALTORS,Stories:1,Latitude:25.8929233,List Price:1925000,Listing Id:A11524778,Longitude:-80.1737745,Mls Status:Active,Year Built:1958,Postal Code:33161,Street Name:127th St,Coordinates:1:25.8929233,Photos Count:7,Days On Market:26,Lot Size Units:Square Feet,M I A M I R E_ Area:22,On Market Date:2024-01-31,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 Blvd amid shops & retail establishments including Whole Foods, Publix, CVS, Walgreens and more. This recently renovated property is now being offered for sale at $1,925,000. The property sits on an oversized lot (10,950 SF) and features a spacious unit mix of 7 (1BR/1BA) and 1 (2BR/2BA) apartments, with the gross rental income of over $157,000. 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 & resilience in down markets.,County Or Parish:Miami-Dade County,List Office Name:APEX Capital Realty LLC,Private Remarks: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.,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,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:1985000,Previous List Price:1985000,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 Blvd amid shops & retail establishments including Whole Foods, Publix, CVS, Walgreens and more. This recently renovated property is now being offered for sale at $1,925,000. The property sits on an oversized lot (10,950 SF) and features a spacious unit mix of 7 (1BR/1BA) and 1 (2BR/2BA) apartments, with the gross rental income of over $157,000. 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 & resilience in down markets.,Listing Contract Date:2024-01-31,Originating System I D:miamire,Public Survey Section:29,Showing Instructions:Call Listing Agent,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?,M I A M I R E_ Internet Remarks:Renovated 8-unit boutique multifamily building in North Miami. Spacious unit mix, fully rented, generating over $157,000 annual gross rental income.,Contract Status Change Date:2024-01-31,Internet Address Display Y N:1,Number Of Units In Community:8,Dual Variable Compensation Y N:1,Internet Entire Listing Display Y N:1,M I A M I R E_ Compensation Disclaimer:BBC: 2%, The offer of compensation is made only to participants of the MLS where the listing is filed.,

  • Price $1,925,000.00
  • Price Change: 2024-02-26
  • Lot size sq. ft.
  • Price per sq.ft. $
  • Year Build 1958
  • Waterfront
  • View
  • Pool Yes
  • Style
  • Construction CBS Construction
  • Parking Description Free Parking
  • Flooring Type
  • Property Type Commercial Sale
  • Status Active
  • Listed 2024-02-26
  • Days on Market 32
  • Furnished
  • City North Miami
  • Zip 33161
  • State Florida
  • Subdivision
  • Development Name
  • HOA Fees
  • Taxes
  • Taxes Year