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

$1,845,000

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

$1,845,000

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 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 20×20 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

Address

Open on Google Maps

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

Details

Updated on April 23, 2025 at 6:22 pm

Property ID: A11746150
Price: $1,845,000
Year Built: 1958
Property Type: Income/MultiFamily
Property Status: Commercial Sale

Additional details

StreetDirPrefix: NE
PublicSurveyRange: 22
ListAgentKey: 897e045abdf1a2404f4562529fe9b382
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: 2025-02-12
ListAgentEmail: [email protected]
ContractStatusChangeDate: 2025-02-12
MajorChangeTimestamp: 2025-02-16T17:28:44.233Z
Flooring: Ceramic Floor
PhotosCount: 5
StatusChangeTimestamp: 2025-02-16T17:28:44.233Z
SecurityFeatures: Smoke Alarm,Smoke Detector(s),Security Fence,Security System
PriceChangeTimestamp: 2025-02-16T17:28:44.233Z
ListingKeyNumeric: 407276867
MajorChangeType: New
ListingContractDate: 2025-02-12
Zoning: 3700
ListAOR: A-Miami Association of REALTORS
TaxAnnualAmount: 24708
ListOfficeName: MCG Realty Advisors
OriginatingSystemKey: miamire
BusinessType: Apartments
PhotosChangeTimestamp: 2025-02-16T23:26:13.858Z
OriginatingSystemName: Miami Association of REALTORS®
ListOfficePhone: 305-490-1404
MlsStatus: Active
StreetNumber: 1217
ListingKey: 1476c2eeb9d87aae24bc2e6543502ec2
StateOrProvince: FL
ListOfficeKey: 13f9edb8fd7f90fbb8c6ff5bd3389063
BridgeModificationTimestamp: 2025-04-23T15:35:13.913Z
ListAgentFullName: Timothy Martorella
Roof: Slate
PropertyCondition: New Construction
ParkingTotal: 8
ListAgentOfficePhone: 305-490-1404
Stories: 1
ParcelNumber: 06-22-29-037-0050
ListingTerms: All Cash
YearBuiltDetails: New Construction
OtherExpense: 0
IDXParticipationYN: 1
InternetAddressDisplayYN: 1
ListAgentMlsId: 3202673
StoriesTotal: 1
ModificationTimestamp: 2025-04-23T15:30:33.367Z
OriginatingSystemID: miamire
DaysOnMarket: 70
ListOfficeMlsId: HCRR01
Inclusions: Building & Land
ListAgentDirectPhone: 305-490-1404
StreetNumberNumeric: 1217
ParkingFeatures: Additional Spaces Available,Assigned
PostalCodePlus4: 5144
NumberOfUnitsInCommunity: 8
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 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
ListAgentStateLicense: 3202673
PublicSurveyTownship: 22
StreetName: 127th St
ListingAgreement: Exclusive Agency
PublicSurveySection: 29
WindowFeatures: Clear Impact Glass
SpecialListingConditions: Sale
NumberOfBuildings: 1
OriginalListPrice: 1845000
BuildingAreaUnits: Square Feet
InternetEntireListingDisplayYN: 1
OriginalEntryTimestamp: 2025-02-16T17:28:44.233Z
SourceSystemKey: 407276867
Ownership: Corporation
ConstructionMaterials: Concrete Block Construction,Plaster
LotSizeSquareFeet: 10950
TenantPays: Electricity
BuildingAreaTotal: 5190