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1217 NE 127th St North Miami, FL $ 1,985,000
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$ 1,985,000 Get more info
1217 NE 127th St
$ 1,985,000
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Share Save

1217 NE 127th St

North Miami, FL, 33161
$ 1,985,000
Baths0.0 Sq 5,190

Monthly Estimate*

$ 13,193

1217 NE 127th St, North Miami, FL 33161 - Image 1
1217 NE 127th St, North Miami, FL 33161 - Image 2
1217 NE 127th St, North Miami, FL 33161 - Image 3
1217 NE 127th St, North Miami, FL 33161 - Image 4
1217 NE 127th St, North Miami, FL 33161 - Image 5
1217 NE 127th St, North Miami, FL 33161 - Image 6
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Studio

Commercial Property for sale in North Miami, FL

for $1,985,000. This 5,190 square foot building was built in 1958 on a lot size of 0.251377.

Proud to exclusively present for sale 1217 NE 127 Street. This 8-unit boutique multifamily building is located in one of the best areas in North Miami, just a few blocks from Biscayne Boulevard and bustling 125th Street. This recently renovated property is now being offered for sale at $1,985,000. The property features a spacious unit mix of 7 (1BR/1 BA) and 1 (2BR/2BA) apartments. All units are rented and provide a steady cash flow, with gross rental income of over $167,000 per year. High demand for quality rentals in this area has kept rent prices rising and will continue to do so for the foreseeable future. Middle income multifamily properties in great neighborhoods, such as this property, have proven strong performance and resilience in down markets.

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Commercial Active

Price

$ 1,985,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 22,137

Style

Detached

Lot Size

0.251377

Year Built

1958

Town/City

North Miami

County/Region

Miami-Dade

MLS | Web ID

A11585063
Features
General
Architectural Style Detached
Construction Materials Other
Year Built 1958
Stories 1
Levels One
Property SubType MultiFamily
County Miami-Dade County
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Status Active
City North Miami
View Y/N N
Senior Community Y/N N
Zoning Description R-5
NumberOfUnitsTotal 8
MLS Area 22
Lot Size Units SquareFeet
Lot Size Square Feet 10950.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name 127th St
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 22137.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11585063
Days on Market 0
Structure Type MultiFamily
Standard Status Active
Occupancy Type CallAgent
Property Sub Type Additional MultiFamily
Legal Description 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
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Exterior
Total Parking 8.0
Lot Size Area 10950.0
Number of Buildings 1
Spa N
Building Area Total 5190.0
Covered Spaces 0.0
Number of Separate Electric Meters 0
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Electric On Property Y/N N
Total Baths 0
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Internal Only
Street Number 1 1217
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* Excluded Features
List By
Apex Capital Realty Llc

Broker

ron@apexcapitalrealty.com

Email

Affordability Calculator

$15,038
Per Month
88%
12%
0%
Monthly Principal & Interest
$13,193
Monthly Property Taxes
$1,845
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
292769 Elementary School
292996 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/9/2024$1,985,000 Listed Price

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1217 NE 127th St, North Miami, FL, 33161 is a Commercial Property for sale at $1,985,000 with 5,190 sqft and a lot size of 0.251377. 1217 NE 127th St is a studio with 0.0 baths and was built in 1958. The property's zip code is 33161 which is in North Miami, FL

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