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 $2,095,000. 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 $156,000per 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.
School Ratings & Info
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 $2,095,000. 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 $156,000per 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.
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