1951 NE 167th St - Apartments FOR SALE


North Miami Beach, FL 33162- Fulford Bythe Sea
$4,000,000 USD
954-245-3492
1951 NE 167th St, North Miami Beach, FL for Sale
$4,000,000 USD
Apartments - FOR SALE
1/9
null | 6.01% Cap Rate

1951 NE 167th St
North Miami Beach, FL 33162
Fulford Bythe Sea


HIGHLIGHTS

  • 20-unit condominium in North Miami Beach with a mix of one- and two-bedroom units
  • Property features concrete block construction, central air, pool, courtyard, and on-site laundry
  • Located near US-1 and Biscayne Boulevard, offering quick access to shopping, dining, parks, and Aventura

OVERVIEW

1951 Northeast 167th Street was constructed in 1960 of concrete block and painted stucco with a flat roof. The building totals 12,536 square feet on a 19,050-square-foot lot, according to the Miami-Dade County Property Appraiser. The unit mix consists of (14) one-bedroom/one-bathroom apartments, (2) two-bedroom/one-bathroom apartments and (4) two-bedroom/two-bathroom apartments. Units feature ceramic tile flooring, electric appliances and central air conditioning. Common area amenities include a fenced courtyard, swimming pool and laundry room. 1951 Northeast 167th Street is located in North Miami Beach, Florida, with convenient access to Federal Highway (US-1) and Biscayne Boulevard, placing residents near major employment corridors and a dense concentration of retail, dining, and entertainment options. The surrounding 5-mile area reports an average household income of $92,797 and population growth of 7.73% since 2010. Residents benefit from walkable access to Greynolds Park and Greynolds Golf Course, with close proximity to Aventura Mall, Sunny Isles Beach, Haulover Beach, and numerous national retailers and restaurants.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$319 USD /SF

# OF UNITS

20

PRICE/UNIT

$200,000

CAP RATE

6.01%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,050 SF

ZONING

MU/TC

APN/PARCEL ID

07-2209-036-0010,07-2209-036-0020,07-2209-036-0030,07-2209-036-0040,07-2209-036-0050,07-2209-036-0060,07-2209-036-0070,07-2209-036-0080,07-2209-036-0090,07-2209-036-0100,07-2209-036-0110,07-2209-036-0120,07-2209-036-0130,07-2209-036-0140,07-2209-036-0150,07-2209-036-0160,07-2209-036-0170,07-2209-036-0180

ASK ABOUT THIS PROPERTY

Joseph ThomasMarcus & MillichapMore Info
954-245-3492

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Joseph ThomasMarcus & MillichapMore Info
954-245-3492

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.