780 NE 127th St, North Miami, FL 33161

Incredible investment opportunity in a prime North Miami location!

This commercial property at 780 NE 127th St, built in 1959, is a 5-unit apartment complex, with each unit consisting of 1 bedroom and 1 bathroom. Priced at $920,000, this building offers an exceptional income-generating asset in a desirable neighborhood. While North Miami’s real estate market is currently considered a buyer’s market, with the median price for 1-bedroom homes down 6.7% year-over-year, this multi-unit property presents a different kind of value. Similar properties in the area have had listing prices of over $1 million, and the property’s size (3,780 sqft on a 7,032 sqft lot) and location make it an attractive prospect for a seasoned investor looking for strong cash flow. Residents will enjoy being close to shopping centers, restaurants, and parks, as well as the proximity to major universities and public transportation, ensuring a steady stream of prospective tenants, with 1-bedroom apartment rents in North Miami ranging from $900 to over $2,500. It’s important to note that the property is being sold at auction and has reported zoning, permit, and lien issues, which the buyer would be responsible for resolving.