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