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1217 NE 127th St, North Miami FL 33161,North Miami,Miami-Dade County,Commercial Sale

$1,850,000

Commercial Sale Active

1217 NE 127th St, North Miami FL 33161

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Commercial Sale Active

1217 NE 127th St, North Miami FL 33161,North Miami,Miami-Dade County,Commercial Sale

1217 NE 127th St, North Miami FL 33161

$1,850,000

Overview

Income/MultiFamily
Property Type

1958
Year Built

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 & 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.

Address

Open on Google Maps

Address 127th St
City North Miami
State/county Miami-Dade County
Zip/Postal Code 33161

Details

Updated on August 27, 2024 at 3:21 am

Property ID: A11648235
Price: $1,850,000
Year Built: 1958
Property Type: Income/MultiFamily
Property Status: Commercial Sale

Additional details

StreetDirPrefix: NE
PublicSurveyRange: 22
ShowingInstructions: Call Listing Agent
CoListAgentDirectPhone: 305-323-9787
ListAgentKey: a4a14f98e7b65937a82a5d41626bc40d
TaxLegalDescription: 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
OnMarketDate: 2024-08-26
ListAgentEmail: [email protected]
ContractStatusChangeDate: 2024-08-26
MajorChangeTimestamp: 2024-08-26T21:20:56.573Z
PhotosCount: 6
StatusChangeTimestamp: 2024-08-26T21:20:56.573Z
CoListOfficeName: APEX Capital Realty LLC
PriceChangeTimestamp: 2024-08-26T21:15:38.973Z
ListingKeyNumeric: 400114999
MajorChangeType: New
ListingContractDate: 2024-08-26
CoListOfficeKey: 8627e45c75fbdf807642a7c8c847df45
Zoning: 3700
ListAOR: A-Miami Association of REALTORS
ListOfficeName: APEX Capital Realty LLC
OriginatingSystemKey: miamire
BusinessType: Residential-Multi-Family
PhotosChangeTimestamp: 2024-08-26T21:24:25.386Z
OriginatingSystemName: Miami Association of REALTORS®
ListOfficePhone: 305-570-2600
MlsStatus: Active
StreetNumber: 1217
CoListOfficeMlsId: AXCR01
ListingKey: c45081f5025dc923193bfbda1a422155
StateOrProvince: FL
ShowingContactType: Agent
CoListAgentEmail: [email protected]
ListOfficeKey: 8627e45c75fbdf807642a7c8c847df45
BridgeModificationTimestamp: 2024-08-27T01:01:52.833Z
ListAgentFullName: Ronald Mann
ParkingTotal: 8
ListAgentOfficePhone: 305-570-2600
ParcelNumber: 06-22-29-037-0050
OtherExpense: 0
CoListAgentOfficePhone: 305-570-2600
IDXParticipationYN: 1
InternetAddressDisplayYN: 1
ListAgentMlsId: 3402452
ModificationTimestamp: 2024-08-27T01:00:13.923Z
OriginatingSystemID: miamire
DaysOnMarket: 0
NetOperatingIncome: 129460
ListOfficeMlsId: AXCR01
ListAgentDirectPhone: 305-490-1404
CoListAgentFullName: Carl Gorman
CoListAgentKey: 68b9eb622c3f539a2bff90ee25a3a1f8
StreetNumberNumeric: 1217
CoListAgentStateLicense: 3551551
PostalCodePlus4: 5144
NumberOfUnitsInCommunity: 2
SyndicationRemarks: 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 20x20 porcelain tile floors, new countertops in kitchen and bathrooms, wood cabinets, updated showers, and bathtubs.
ListAgentStateLicense: 3402452
CoListAgentMlsId: 3551551
PublicSurveyTownship: 22
StreetName: 127th St
ListingAgreement: Exclusive Agency
PublicSurveySection: 29
SpecialListingConditions: Sale
NumberOfBuildings: 1
OriginalListPrice: 1850000
BuildingAreaUnits: Square Feet
InternetEntireListingDisplayYN: 1
OriginalEntryTimestamp: 2024-08-26T21:20:56.573Z
SourceSystemKey: 400114999
DocumentsAvailable: Aerial Photo(S)
LotSizeSquareFeet: 10950
CoListOfficePhone: 305-570-2600
BuildingAreaTotal: 5190