1217 Northeast 127th Street

North Miami, FL 33161

$1,985,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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.
  1. Listed by Ronald Mann • APEX Capital Realty LLC
  2. Listed by Carl Gorman • APEX Capital Realty LLC

Property Details for 1217 Northeast 127th Street

Waterfront
No
Area
22
Auction
No
Num Stories
1

Property Details for 1217 Northeast 127th Street

StatusActive
MLS #A11585063
Days on Market176
Taxes$22,137 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial/Industrial / Income/Multi Family
Year Built1958
Lot Size0.25 AC / 10,950 SF
CountyMiami-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

Location Information
Location Information
  • Parcel Number Free Text: 06-22-29-037-0050
  • Parcel Number MLX: 0050
  • MLS Area: 22
  • Municipal Code: 6
  • Township Range: 22
  • Section: 29
  • Subdivision Number: 37
  • Unit Count: 2
  • Zoning Information: R-5
General Information
Parking
  • Num Parking Spaces: 8
General Information
  • Style of Property: Income Non-Waterfront
  • Property Description: North Miami 8-Unit Multifamily
  • Prop Type-Type of Building: Free Standing, Residential-Multi-Family
  • Building Sq Ft: 5,190
  • Num Meters: 0
  • Approximate Lot Size: 10950
  • Property Sq Ft: 10950
  • Num Buildings: 1
  • Num Floors: 1
  • Construction: Other Construction
  • Construction Type: Other Construction
Additional Property Information
Additional Property Information
  • Guest Accommodations: No
  • Num Units: 8
Financial Information
Financial Information
  • Flood Zone: AE

Property History for 1217 Northeast 127th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

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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1217 Northeast 127th Street is a multi-family home for sale in North Miami, FL 33161. This property was listed for sale on May 9, 2024 by APEX Capital Realty LLC, it's currently listed at $1,985,000. It has been on the market for a total of 176 days and was last sold on June 8, 2021. This listing's school district is Miami-Dade County Public Schools. Nearby schools include W. J. Bryan Elementary School, Air Base K-8 Center for International Education and North Miami Middle School. 1217 Northeast 127th Street is a 0-bed, 0-bath, multi-family home built in 1958.

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Listing Courtesy of APEX Capital Realty LLC

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.