1217 127th St ,Apartments for Sale

1217 127th St for Sale

Price $1,845,000.00

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

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 20x20 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

Contact Agent: Ron Mann at 305-490-1404 or ron@mcg-realty.com

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 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 20x20 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

City:North Miami,Zoning:3700,List A O R:A-Miami Association of REALTORS,Stories:1,Latitude:25.8929179,List Price:1845000,Listing Id:A11746150,Longitude:-80.1737932,Mls Status:Active,Ownership:Corporation,Year Built:1958,Inclusions:Building & Land,Postal Code:33161,Street Name:127th St,Coordinates:1:25.8929179,Photos Count:5,Days On Market:4,Lot Size Units:Square Feet,M I A M I R E_ Area:22,On Market Date:2025-02-12,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 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 20x20 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,County Or Parish:Miami-Dade County,List Office Name:MCG Realty Advisors,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:24708,Unparsed Address:1217 NE 127th St, North Miami FL 33161,Listing Agreement:Exclusive Agency,Security Features:1:Smoke Detector(s),2:Security Fence,3:Security System,Year Built Details:New Construction,Building Area Total:5190,Building Area Units:Square Feet,Lot Size Square Feet:10950,Number Of Buildings:1,Original List Price:1845000,Public Survey Range:22,I D X Participation Y N:1,Syndication Remarks: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 20x20 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,Listing Contract Date:2025-02-12,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?,M I A M I R E_ Internet Remarks:Contact Agent Directly for full Brochure including Financials and Rent Roll.,Contract Status Change Date:2025-02-12,Internet Address Display Y N:1,Number Of Units In Community:8,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,