127 NW 47th TER new Save Request In-Person Tour Request Virtual Tour
Miami,FL 33127
Key Details
Property Type Multi-Family
Sub Type Quad Plex
Listing Status Active
Purchase Type For Sale
Square Footage 4,120 sqft
Price per Sqft $410
Subdivision Shadowlawn Extension Sub
MLS Listing ID RX-11061048
Bedrooms 9
Full Baths 6
Construction Status Resale
HOA Y/N No
Year Built 1926
Annual Tax Amount $13,303
Tax Year 2024
Lot Size 6,000 Sqft
Property Sub-Type Quad Plex
Property Description
Great Investment opportunity with stable rent growth and cash flow. Located in close proximity to the Design District, Wynwood, and downtown Miami. The property has a new roof consists of 6 individual units with a total of 11 bedrooms and 6 bathrooms. Included a one story single family home which was subdivided into a 2 bedrooms, 1 bath apartment for $2,200 a month and an additional 1 bedroom, 1 bath apartment for $1,133 a month. 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 premise. This property offers an opportunity to further increase cash flow through small improvements according to fair market value.
Location
State FL
County Miami-dade
Area 2310
Zoning 0104
Interior
Heating Central,Central Individual,Electric
Cooling Central,Central Individual,Electric
Flooring Other
Exterior
Exterior Feature Open Porch
Utilities Available Public Sewer,Public Water
Amenities Available None
Waterfront Description None
Roof Type Flat Tile
Private Pool No
Building
Lot Description < 1/4 Acre
Story 2.0
Foundation CBS,Concrete
Construction Status Resale
Others
Senior Community No Hopa
Restrictions Other
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional
Virtual Tour https://www.propertypanorama.com/127-NW-47th-Terrace-Miami-FL-33127/unbranded