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1217 NE 127th St

$1,795,000

1217 NE 127th St, North Miami, FL 33161

Active
Last Updated: 05/16/2025

5,190 sqft

Building Size

8

Units

Details:
Building Size:    5,190 sqft
Units:    8
Year Built:    1958
Floors:    1
Parking Spots:    8
Highlights:
  • Number Of Buildings: 1
  • Flooring: Ceramic Floor
  • Construction Materials: Concrete Block Construction, Plaster
  • Parking Features: Additional Spaces Available, 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

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Today's Available Mortgage Rates

1217 NE 127th St, North Miami, Florida 33161

Choose Your Priority
 
Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 06/14/2025
Bank*Lender #1049
5 Year Fixed
25 Year Amortization
Interest rate 5.96% 5 Year Fixed
Mo. Payment$5,876 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 51% LTV $0 Lender fees
Loan Amount $915,450 Loan Amount
Details
Bank*Lender #1049
7 Year Fixed
25 Year Amortization
Interest rate 6.09% 7 Year Fixed
Mo. Payment$5,949 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 51% LTV $0 Lender fees
Loan Amount $915,450 Loan Amount
Details
Bank*Lender #1049
10 Year Fixed
25 Year Amortization
Interest rate 6.19% 10 Year Fixed
Mo. Payment$5,887 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 50% LTV $0 Lender fees
Loan Amount $897,500 Loan Amount
Details
Speak With a Loan Consultant

CommLoan is providing quotes for information purposes only. For additional information on the largest commercial real estate lending marketplace, visit: www.commloan.com.

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