Active

127 NW 47th Terrace

Miami FL, 33127

$1,690,000


$425.05 per sqft

Active

3,976 sqft

Multi-family

Built in 1926

Great Investment opportunity with stable rent growth and cash flow. Located in close proximity to the Design District, Wynwood, and downtown Miami. In total the property consists of 6 individual units with a total of 11 bedrooms and 6 bathrooms. Included is a one story single family home which was subdivided into a 2 bedrooms, 1 bath apartment and an additional 1 bedroom, 1 bath apartment. Two separate 2 -story buildings in the back of the property consist of another 4 apartments, each having 2 bedrooms and 1 full bath. All units are secured with current tenants and an average monthly rent of $2,200. Laundry is on premiss. This property offers an opportunity to increase cash flow even further, through small improvements according to fair market value.

R10911891

MLS ID

August 15, 2023

Listed

November 10, 2023

Updated

Map

127 NW 47th Terrace
Miami FL, 33127

Interior Features

Total Stories

2


Floor Description

Vinyl


Fireplace

No


Cooling

Yes


Cooling Description

Central Air, Electric


Heating

Yes


Heating Description

Central, Electric

Exterior/Building Features

Lot Size

0.14 acres


Exterior Features

Porch, Open, Porch


Lot Features

1/4 Acre


Roof

Flat, Tile


Sewer

Public Sewer

Other Property Details

Taxes

$9,043


Tax Frequency

Annually


Days on Market

52


Association Amenities

Non-Gated


Garage

No


Parking

No


View

No


County

Miami-Dade County


Pool

No


Pool Features

None


Buyer Agency Compensation

3%

Listing History

Date

Event

Price

10/6/2023

Price Change

$1,690,000

-6%

Courtesy of Douglas Elliman
Listing Contact: (954) 448-5226 

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Data last updated 8:20 AM UTC, 11/10/2023

 

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