Price Reduced 5.85%
Price History
$1,795,000
8/15/2023
$1,690,000
10/6/2023
127 NW 47th Terrace, Miami, FL, 33127
11 beds
6 Full baths
1926
3,976 sqft
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.
Status:
Active
Type:
Multi-family
Furnished Remarks:
Partial
Units:
6
Zoning:
T-3-L
Subdivision:
SHADOWLAWN EXTENSION SUB
Heating:
Central, Central Individual, Electric
Cooling:
Central, Central Individual, Electric
Levels:
2
Parking:
Open Parking
Est. Taxes:
$9,043
Construction
CBS,Concrete
Utilities
Public Sewer
Lot Description:
< 1/4 Acre
Amenities:
None
MLS #:
RX-10911891
Community Info
School Info
Walk Score
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