1217 NE 127th Street

Apr 22

Written By Madison Capital Group

$1,895,000

1217 NE 127th Street, North Miami, FL 33161

Lot Size: 10,000 SF

Building Size: 5,190 SF

Zoning: R5

Unit Mix: 7 (1BR), 1 (2BR)

DOWNLOAD BROCHURE

MCG Realty Advisors is proud to exclusively present for sale 1217 NE 127 Street. 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.

This recently renovated property is now being offered for sale at $1,845,000. 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. All units are rented and provide a steady cash flow with gross rental income of over $167,000 per year.

Recent updates include new Hurricane Impact windows, doors, fences, and complete exterior painting. Included are 20x20 porcelain tile floors, new countertops in kitchen and bathrooms, wood cabinets, updated showers, and bathtubs. High demand for quality rentals in this area has kept 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.