1217 Northeast 127th Street
$1,985,000
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Description
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...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.
- Listed by Ronald Mann • APEX Capital Realty LLC
- Listed by Carl Gorman • APEX Capital Realty LLC
Property Details for 1217 Northeast 127th Street
Waterfront
No
Area22
AuctionNo
Num Stories1
Property Details for 1217 Northeast 127th Street
Status | Active |
---|---|
MLS # | A11585063 |
Days on Market | 176 |
Taxes | $22,137 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Commercial/Industrial / Income/Multi Family |
Year Built | 1958 |
Lot Size | 0.25 AC / 10,950 SF |
County | Miami-Dade County |
Building Information for 1217 Northeast 127th Street
Stories-Residences-Year Built1958Building Size-Lot Size0.25 AC / 10,950 SF
Property Information for 1217 Northeast 127th Street
Property History for 1217 Northeast 127th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1217 Northeast 127th Street
Taxable ValueLand$383,250Additions$668,186Total$1,051,436
Tax Record2023$22,137 ($1,845 / month)
Home Facts
Total Finished SqFt5,190 SqFtAbove Grade Finished SqFt5,190 SqFtStories1Lot Size10,950 SqFtStyleMulti-Family Dwelling (2-4)Year Built1958Year Renovated1973Zoning3700:MULTI-FACountyMIAMI-DADEAPN06-2229-037-0050
Schools near 1217 Northeast 127th Street
This home is within Miami-Dade County Public Schools.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | PK to 8 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
W. J. Bryan Elementary School PublicPK to 5 | ||
Air Base K-8 Center for International Education PublicPK to 8 | ||
North Miami Middle School Public6 to 8 | ||
Robert Morgan Voc-Tech Institute Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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