Costantini VIP Realty

Serving the Miami-Dade, Broward and Palm Beach Counties

 

Property Description

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.rnThis recently renovated property is now being offered for sale at $2,195,000. 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 $135,720 per year.rnHigh demand for quality rentals in this area has kept rent prices rising and will continue to do so for the foreseeable future.rnMiddle income multifamily properties in great neighborhoods, such as this property, have proven strong performance and resilience in down markets.

Features
: 8
: Tile
Address Details
FL
Miami-Dade County
North Miami
33161
1217 NE 127th St
0
Other
209
1
: Sale
1
$10,532
: Public
R-5

Commercial Sale For Sale

1217 NE 127th St, North Miami, Florida 33161

10,950 Sqft
$2,195,000
Listing ID #A11112823
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : A11112823
Price : $2,195,000
Year Built : 1958
Lot Area : 10,950 Sqft
Building Area : 5,190 Sqft
Status : Active
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