1951 NE 167th St 20 Unit Apartment Building $5,540,960 CAD ($277,048 CAD/Unit) 6.01% Cap Rate North Miami Beach, FL 33162

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.