1217 NE 127th St North Miami FL 33161 MLS #A11648235

1217 NE 127th St
North Miami, FL, 33161
$1,895,000
Beds
0 Baths
5,190 SqFt
0 Acres
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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 & more.
This recently renovated property is now being offered for sale at $1,895,000. The property sits on an oversized lot (10,950 SF) and features a spacious unit mix of 7 (1BR/1 BA) & 1 (2BR/2BA) apartments with ample parking for all tenants & guests. All units are rented and provide a steady cash flow with gross rental income of over $167,000 per year. Recent updates include new Hurricane Impact windows, doors, fences, & complete exterior painting. Included are 20×20 porcelain tile floors, new countertops in kitchen and bathrooms, wood cabinets, updated showers, and bathtubs.

Property Details

Price:
$1,895,000
MLS #:
A11648235
Status:
Active
Beds:
0
Baths:
0
Address:
1217 NE 127th St
Type:
Commercial
Subtype:
Income/MultiFamily
City:
North Miami
Listed Date:
Aug 26, 2024
State:
FL
Finished Sq Ft:
5,190
Total Sq Ft:
5,190
ZIP:
33161
Year Built:
1958
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Financial

Net Operating Income
$129,460

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