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.

This listing is courtesy of APEX Capital Realty LLC.

More detailed information, including prior sales, lot and building square footage per the county, zoning, traffic maps, nearby businesses, and more related to the Miami-Dade county property folio associated with this commercial property listing, which in most cases would be for the listed property, is displayed below. This is not provided by the listing broker or agent, but is information obtained independently from the county for the folio number 0622290370050 entered for this listing by the listing broker / listing agent. Importantly, always verify information. This county information is not updated regularly. Thus, some of the information may have changed since it was obtained. Information herein is provided on a best efforts basis only. Do not rely on it to make an investment decision.

Miami-Dade County Information for Folio 06-2290-037-0050 (0622290370050)*
Links to Miami-Dade Lot Outline, Aerial Views, Tax Records
Property Location*
Address: 1217 NE 127 St
City: North Miami
State: Florida
Zip Code: 33161-5144 (Listings)
County: Miami-Dade (Listings)
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Building Size - English*
Living Square Feet: 5,190
Actual Square Feet: 5,190
Adjusted Square Feet: 4,543
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Lot Size - English*
Lot Size (sf): 10,950
Lot Size (acres): 0.25
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Building Size - Metric*
Living Square Meters: 482.17
Actual Square Meters: 482.17
Adjusted Sq M: 422.06
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Lot Size - Metric*
Lot Size (sq m): 1,017
Lot Size (ha): 0.10
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Zoning & Land Use*
Land Use: 0803 - Multifamily 2-9 Units : Multifamily 3 Or More Units
Zoning: 3700 - Multi-family - 10-21 U/a
Municipal Zoning: R-5 (North Miami)
All Listed | All Properties
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Prior Sale*
Type: Qual by exam of deed
Qual: Q
Date: 06/08/2021
Amount: $1,175,000
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Prior Sale #2* (Second to Last)
Type: Sales type info not available
Qual: Q
Date: 02/01/2006
Amount: $580,000
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Prior Sale #3* (3rd to Last)
Type: Sales type info not available
Qual: Q
Date: 09/01/2002
Amount: $345,000
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Taxable Values*
Tax Year: 2023
Land: $383,250
Building: $668,186
Total: $1,051,436
Assessed: $969,714
County Taxable: $969,714
City Taxable: $969,714
Mill Code: 0600
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Ownership*
Owner 1: 127 Property Company
Mailing Address: 21205 Ne 37 Ave 2402
Mailing City: Aventura
Mailing State: Fl
Mailing Zip: 33180
Mailing Country: USA
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Building Information*
Stories: 1
Units: 8
Year Built: 1958
Effective Year Built: 1973
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Legal Description*
Legal Description Concatenated: HAMPSHIRE HEATH PB 11-46 W1/2 LOT 8 & ALL LOT 9 LOT SIZE 10950 SQUARE FEET OR 20703-4422 09 2002 1 COC 24235-4184 02 2006 1

*This Miami-Dade county folio information was recently obtained for the folio number entered on this listing by the listing broker, which usually is correct, but not always. This information is not represented as or warranted to be accurate or current. Verify this and all information about this property independently. Do not rely on it to make an investment decision.