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Scott Franzen

scott@crowncoastalgroup.com +1(772) 521-2541

Listed by Douglas Elliman

$ 1,690,000

Est. payment -/mo

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127 NW 47th TER Miami, FL 33127

9 Beds

6 Baths

4,120 SqFt

UPDATED:

02/14/2025 02:25 PM

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