1217 NE 127th St - Apartments FOR SALE


North Miami, FL 33161
$1,845,000 USD
305-490-1404
1217 NE 127th St, North Miami, FL for Sale
$1,845,000 USD
Apartments - FOR SALE
1/6
null | 6.53% Cap Rate

1217 NE 127th St
North Miami, FL 33161


HIGHLIGHTS

  • Price Reduction: $1,845,000
  • 7 (1BR) and 1 (2BR) Apartments
  • 100% Occupied
  • Fully Renovated Units
  • 40-Year Recertification Completed
  • New Hurricane Windows

OVERVIEW

PRICE REDUCTION: MCG Realty Advisors is thrilled to present an exceptional 8-unit boutique multifamily property located in the heart of North Miami. Just a few blocks from Biscayne Boulevard, this property is surrounded by popular shops and conveniences, including Whole Foods, Publix, CVS, Walgreens, and more. This recently renovated property is being offered for sale at a reduced price of $1,845,000, providing an attractive 6.53% Cap Rate. Sitting on an oversized 10,950-square-foot lot, the property boasts a desirable unit mix of seven (1BR/1BA) apartments and one (2BR/2BA) apartment. All units are fully leased, generating a steady gross rental income of over $160,000 annually. Recent updates include new Hurricane Impact windows and doors, fresh exterior paint, upgraded fences, and stylish interior renovations such as 20x20 porcelain tile floors, modern kitchen countertops, wood cabinets, and updated showers and bathtubs. Ample parking is available for tenants and guests, adding to the property's appeal. This investment opportunity is ideally positioned in a high-demand rental market where strong appreciation and consistent rental income continue to outperform expectations. Properties like this, catering to middle-income tenants in vibrant neighborhoods, have consistently demonstrated resilience and solid performance even during market fluctuations. Don’t miss this chance to secure a turnkey, income-generating property with outstanding potential for long-term value growth. Please contact Ron Mann for the exclusive brochure including current rent roll and expenses. Ron Mann Phone: 305/490-1404 Email: Ron@MCG-Realty.com

FOR SALE DETAILS

PRICE

$1,845,000 USD

PRICE/SF

$355 USD /SF

# OF UNITS

8

PRICE/UNIT

$230,625

CAP RATE

6.53%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

PRICE REDUCTION: 8-Unit MultiFamily-6.53% Cap

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,950 SF

ZONING

R-5

APN/PARCEL ID

06-2229-037-0050

ASK ABOUT THIS PROPERTY

Ron MannMCG Realty AdvisorsMore Info
305-490-1404

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Ron MannMCG Realty AdvisorsMore Info
305-490-1404

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.