Multifamily Housing
2011 Northeast 167th Street North Miami Beach, FL 33162

Details & Description

Price: $1,350,000

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%.

Property ID: 214659
Property URL: melqr.com/214659
Generated: 04-27-24

Listing Agents

Helen Hamilton

HH@faustocommercial.com

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.

Florida / North Miami Beach / 33162 / 2011 Northeast 167th Street

2011 Northeast 167th Street

North Miami Beach, FL 33162

Listing ID: 214659

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Building Size: 6,360 SF

Lot Size: 0.146 AC

Land Size: 6,360 SF

Building $/SF: $212.26

Land $/SF: $212.26

Price

$1,350,000

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%.

Points of Interest & Demographic Radii

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Demographic Radii

POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.

Hollywood History of Multifamily Housing for Sale

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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 Population		24,464	235,655	518,559
Population Median Age		39	42	41
Population by Age	0-9 Yrs	3132 (12%)	25320 (10%)	58796 (11%)
	10-19 Yrs	2766 (11%)	24490 (10%)	56727 (10%)
	20-29 Yrs	3482 (14%)	29500 (12%)	66536 (12%)
	30-39 Yrs	3222 (13%)	31713 (13%)	69413 (13%)
	40-49 Yrs	3387 (13%)	30800 (13%)	68059 (13%)
	50-59 Yrs	3426 (14%)	35214 (14%)	72075 (13%)
	60-69 Yrs	2105 (8%)	27724 (11%)	61752 (11%)
	70+ Yrs	2943 (12%)	30893 (13%)	65203 (12%)

Median HH Income		$39,354	$49,714	$50,508
Total Household Income	< 24K	2799 (30%)	22172 (24%)	46158 (24%)
	25-49K	2890 (31%)	23306 (25%)	48755 (25%)
	50-74K	1663 (18%)	15439 (17%)	32149 (16%)
	75-99K	712 (7%)	9007 (9%)	19316 (10%)
	100-199K	788 (8%)	13348 (14%)	29982 (15%)
	200K+	302 (3%)	7201 (7%)	14969 (7%)

Highest Education Level	No Diploma	2786	21844	51111
	Diploma or GED	4486	40482	94630
	Some College	4163	37037	71423
	Assoc. Degree	1721	16139	35792
	Bachelors Degree	2418	34174	71126
	Higher Degree	1217	22603	48611

Total Housing Units		11,038	137,851	280,632
--Owner-Occupied		3,953	48,883	107,316
--Renter-Occupied		5,201	41,591	84,012
Owner-Occupied Values	< 100K	593	5341	11205
	100-199K	1946	12702	27239
	200-299K	964	10087	23153
	300-399K	253	5726	13082
	400-499K	86	2660	6356
	500K+	111	12368	26283

Total Working Age Population		19,751	195,376	426,008
In Work Force		13,156	122,226	266,328
Not In Work Force		6,595	73,150	159,681
Workforce Employed		12,257	114,532	249,365
Workforce Unemployed		878	7,559	16,747
Civlian Workforce		13,134	122,091	266,112
Military Workforce		22	136	216

Total Households		9,155	90,474	191,329
Family Households		5,546	53,541	117,015
Non-Family Households		3,609	36,933	74,314
Married Couple		3,130	35,835	75,472
Other Family		2,415	17,706	41,543
Married w/Child		1,296	12,418	26,460
Single Male w/Child		202	1,779	4,595
Single Female w/Child		816	5,693	13,835

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Florida	15,982,378	+18	18,801,310	+14	21,517,610	+13	24,340,457
Broward County	1,623,018	+8	1,748,066	+11	1,942,686	+9	2,120,334
Miami-Dade County	2,253,362	+11	2,496,435	+15	2,861,579	+11	3,190,242

Total Working Age Population:

Total Households:

Total Working Age Population:

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Total Working Age Population:

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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.

Common Questions and Answers

What is the asking price for 2011 Northeast 167th Street in North Miami Beach?

The asking price for 2011 Northeast 167th Street is $1,350,000

What is the building size of this Multifamily property in North Miami Beach, FL?

The size of the building/unit at 2011 Northeast 167th Street in North Miami Beach is 6,360 square feet

How much land does the North Miami Beach, FL property at 2011 Northeast 167th Street include?

2011 Northeast 167th Street in North Miami Beach includes 0.146 acres of land

What is the population within 1 mile of 2011 Northeast 167th Street in North Miami Beach?

The population within 1 mile of 2011 Northeast 167th Street North Miami Beach, FL 33162 is 24,464 people.

Who do I contact for questions about 2011 Northeast 167th Street?

You should contact the listing agent, Helen Hamilton, for any details regarding this commercial listing.

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Closest Commercial Airports

Airport	Distance (mi)
Fort Lauderdale Hollywood International Airport (FLL)	10
Miami International Airport (MIA)	12
Palm Beach International Airport (PBI)	52