2011 Northeast 167th Street

North Miami Beach, FL 33162

Listing ID: 214659
$1,350,000
For Sale
  • Property Type Multifamily
  • Lot Size Acres 0.146
  • Building Sq Ft 6,360
  • Building Price per Sq Ft $212.26
  • Land Sq Ft 6,360
  • Land Price per Sq Ft $212.26
2011 Northeast 167th Street - main image
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Description

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%.

Listing Demographics for 2011 Northeast 167th Street North Miami Beach, FL 33162

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population24,464235,655518,559
Population Median Age394241
Population by Age0-9 Yrs3132 (12%)25320 (10%)58796 (11%)
10-19 Yrs2766 (11%)24490 (10%)56727 (10%)
20-29 Yrs3482 (14%)29500 (12%)66536 (12%)
30-39 Yrs3222 (13%)31713 (13%)69413 (13%)
40-49 Yrs3387 (13%)30800 (13%)68059 (13%)
50-59 Yrs3426 (14%)35214 (14%)72075 (13%)
60-69 Yrs2105 (8%)27724 (11%)61752 (11%)
70+ Yrs2943 (12%)30893 (13%)65203 (12%)
Median HH Income$39,354$49,714$50,508
Total Household Income< 24K2799 (30%)22172 (24%)46158 (24%)
25-49K2890 (31%)23306 (25%)48755 (25%)
50-74K1663 (18%)15439 (17%)32149 (16%)
75-99K712 (7%)9007 (9%)19316 (10%)
100-199K788 (8%)13348 (14%)29982 (15%)
200K+302 (3%)7201 (7%)14969 (7%)
Highest Education LevelNo Diploma27862184451111
Diploma or GED44864048294630
Some College41633703771423
Assoc. Degree17211613935792
Bachelors Degree24183417471126
Higher Degree12172260348611
Total Housing Units11,038137,851280,632
--Owner-Occupied3,95348,883107,316
--Renter-Occupied5,20141,59184,012
Owner-Occupied Values< 100K593534111205
100-199K19461270227239
200-299K9641008723153
300-399K253572613082
400-499K8626606356
500K+1111236826283
Total Working Age Population19,751195,376426,008
In Work Force13,156122,226266,328
Not In Work Force6,59573,150159,681
Workforce Employed12,257114,532249,365
Workforce Unemployed8787,55916,747
Civlian Workforce13,134122,091266,112
Military Workforce22136216
Total Households9,15590,474191,329
Family Households5,54653,541117,015
Non-Family Households3,60936,93374,314
Married Couple3,13035,83575,472
Other Family2,41517,70641,543
Married w/Child1,29612,41826,460
Single Male w/Child2021,7794,595
Single Female w/Child8165,69313,835

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Florida15,982,378+1818,801,310+1421,517,610+1324,340,457
Broward County1,623,018+81,748,066+111,942,686+92,120,334
Miami-Dade County2,253,362+112,496,435+152,861,579+113,190,242

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views
Listing Agent
Helen Hamilton Agent Photo

Helen Hamilton

Fausto CRE
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