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8-Unit MultiFamily - 6.86% Cap 1217 NE 127th St 8 Unit Apartment Building $1,745,000 ($218,125/Unit) 6.86% Cap Rate North Miami, FL 33161
INVESTMENT HIGHLIGHTS
- Sale Price: $1,745,000
- 100% Occupied
- 40-Year Recertification Completed
- 7 (1BR) and 1 (2BR) Apartments
- Fully Renovated Units
- New Hurricane Windows
EXECUTIVE SUMMARY
PRICE REDUCTION:
MCG Realty Advisors is thrilled to present an exceptional 8-unit boutique multifamily property located in the heart of North Miami. Just a few blocks from Biscayne Boulevard, this property is surrounded by popular shops and conveniences, including Whole Foods, Publix, CVS, Walgreens, and more. This recently renovated property is being offered for sale at a reduced price of $1,745,000, providing an attractive 6.86% Cap Rate.
Sitting on an oversized 10,950-square-foot lot, the property boasts a desirable unit mix of seven (1BR/1BA) apartments and one (2BR/2BA) apartment. All units are fully leased, generating a steady gross rental income of over $160,000 annually. Recent updates include new Hurricane Impact windows and doors, fresh exterior paint, upgraded fences, and stylish interior renovations such as 20x20 porcelain tile floors, modern kitchen countertops, wood cabinets, and updated showers and bathtubs. Ample parking is available for tenants and guests, adding to the property's appeal.
This investment opportunity is ideally positioned in a high-demand rental market where strong appreciation and consistent rental income continue to outperform expectations. Properties like this, catering to middle-income tenants in vibrant neighborhoods, have consistently demonstrated resilience and solid performance even during market fluctuations.
Don’t miss this chance to secure a turnkey, income-generating property with outstanding potential for long-term value growth.
Please contact Ron Mann for the exclusive brochure including current rent roll and expenses.
Ron Mann
Phone: 305/490-1404
Email: Ron@MCG-Realty.com
MCG Realty Advisors is thrilled to present an exceptional 8-unit boutique multifamily property located in the heart of North Miami. Just a few blocks from Biscayne Boulevard, this property is surrounded by popular shops and conveniences, including Whole Foods, Publix, CVS, Walgreens, and more. This recently renovated property is being offered for sale at a reduced price of $1,745,000, providing an attractive 6.86% Cap Rate.
Sitting on an oversized 10,950-square-foot lot, the property boasts a desirable unit mix of seven (1BR/1BA) apartments and one (2BR/2BA) apartment. All units are fully leased, generating a steady gross rental income of over $160,000 annually. Recent updates include new Hurricane Impact windows and doors, fresh exterior paint, upgraded fences, and stylish interior renovations such as 20x20 porcelain tile floors, modern kitchen countertops, wood cabinets, and updated showers and bathtubs. Ample parking is available for tenants and guests, adding to the property's appeal.
This investment opportunity is ideally positioned in a high-demand rental market where strong appreciation and consistent rental income continue to outperform expectations. Properties like this, catering to middle-income tenants in vibrant neighborhoods, have consistently demonstrated resilience and solid performance even during market fluctuations.
Don’t miss this chance to secure a turnkey, income-generating property with outstanding potential for long-term value growth.
Please contact Ron Mann for the exclusive brochure including current rent roll and expenses.
Ron Mann
Phone: 305/490-1404
Email: Ron@MCG-Realty.com
PROPERTY FACTS
| Price | $1,745,000 | Building Class | C |
| Price Per Unit | $218,125 | Lot Size | 0.25 AC |
| Sale Type | Investment | Building Size | 5,190 SF |
| Cap Rate | 6.86% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1958/2019 |
| Property Subtype | Apartment | Parking Ratio | 1.54/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | R-5 - Single-family residential district | ||
| Price | $1,745,000 |
| Price Per Unit | $218,125 |
| Sale Type | Investment |
| Cap Rate | 6.86% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 5,190 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1958/2019 |
| Parking Ratio | 1.54/1,000 SF |
| Zoning | R-5 - Single-family residential district |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Security System
- Ceiling Fans
- Eat-in Kitchen
- Range
- Walk-In Closets
- Garden
SITE AMENITIES
- 24 Hour Access
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PROPERTY TAXES
| Parcel Number | 06-2229-037-0050 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,173,353 |
PROPERTY TAXES
Parcel Number
06-2229-037-0050
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,173,353
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8-Unit MultiFamily - 6.86% Cap | 1217 NE 127th St
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