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Income/MultiFamily - for Sale

1217 NE 127TH ST, NORTH MIAMI, FL 33161

Asking Price$2,095,000 Change Price$55,000

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  • Lot size 10950sqft
  • Taxes $19,617
  • Year Built 1958
  • Days on market:

    110 day(s)
  • Original Price:

  • Tax 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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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 $2,095,000. the property features a spacious unit mix of seven 634 sf one bedrooms and one 725 sf 2 bedroom/2-bathroom apartments. all units are rented and providing a steady cash flow, with gross rental income of $156,000per 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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