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

$4,400,000 USD

Apartments For Sale  •  12,536 SF

Property Details

  • Property Type Apartments
  • Total Building Size 12,536 SF
  • Lot Size 0.44 AC
  • Building Class C
  • Year Built 1960
  • Cap Rate 5.67 %
50 Transit Score
85 Walk Score

Highlights

Excellent North Miami Beach Rental Market - Situated in a Quiet Residential Neighborhood
Value-Add Opportunity Through Renovations and Management
Concrete Block Construction with Central Air-Conditioning
Central Courtyard with Gated Pool
Excellent Mix of One- and Two-Bedroom Units
Located Within Walking Distance to Shopping, Restaurants, Numerous Parks and Athletic Facilities

Property Flyers

Financial Summary (Actual)

Net Operating Income: $249,673 USD (2024)
Cap Rate: 5.67 %
Total Expenses: $176,399 USD

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Courtyard
  • Pool
  • Tenant Controlled HVAC
  • Tile Floors
  • Kitchen
  • Tub/Shower
  • Vinyl Flooring
  • Walk-Up
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
Aventura (Mainline - Brightline) 6 min - 2.7 mi
Golden Glades (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 9 min - 4.0 mi
AirportDriveWalkDistance
Fort Lauderdale/Hollywood International 21 min - 11.4 mi
Miami International 37 min - 19.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 9
Type: Surface
Included in Rent: Yes
Felipe Echarte 954-529-3017 Marcus & Millichap
Felipe Echarte 954-529-3017 Marcus & Millichap