1217 NE 127th St

$1,845,000

1217 NE 127th St, North Miami, FL 33161

For Sale

Multifamily

Active

Last Updated: 02/17/2025

Details:

Building Size: 5,190 sqft

Units: 8

Year Built: 1958

Floors: 1

Parking Spots: 8

Offered by Realtor

Timothy Martorella

Managing Director

MCG Realty Advisors

#3202673

Request Info to Unlock

Highlights:

Number Of Buildings: 1
Flooring: Ceramic Floor
Construction Materials: Plaster
Parking Features: Assigned
Security Features: Smoke Alarm, Smoke Detector(s), Security Fence, Security System
Ownership: Corporation

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