2001-2011 NE 167 Street, North Miami FL 33162

Fausto Commercial is pleased to present the Fulford by the Sea Apartments at 2001 -2011 NE 167th Street, North Miami Beach FL 33162.  This is a 10-unit apartment community located in the city of North Miami Beach. The property consists of 4 two-bedroom/one-bathroom apartments and 6 one-bedroom/one-bathroom apartments units. This property was built in 1958 and it is partially renovated with impact windows in all units. It’s situated on a 15,737 Square  Feet of land. The property is being offered for sale at $1,350,000 representing a 6.98% cap rate based on current in-place income.  After increasing rents to market average, the year one cap is expected to increase to 7.76%.


Price : $1,350,000.00
Property Type : Multi-family
Property Sub-type : Free Standing
Property use : Investment
Status : Sale
Building Size : 6360 Square Feet
Lot Size : 15737
Address : 2001-2011 NE 167 St
State : FL
Zip Code : 33162
City : Miami

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