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%.