Active
127 NW 47th Terrace
Miami FL, 33127
$1,690,000
$410.19 per sqft
Active
4,120 sqft
Residential
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. The property has a new roof aned 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 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. Laundry is on premise. This property offers an opportunity to further increase cash flow through small improvements according to fair market value
R11061048
MLSⓇ ID
February 10, 2025
Listed
February 19, 2025
Updated
Interior Features
Total Stories
2
Floor Description
Other
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
Lot Features
1/4 Acre
Roof
Flat, Tile
Sewer
Public Sewer
Patio And Porch
Open, Porch
Other Property Details
Area Name
31
Taxes
$13,304
Tax Frequency
Annually
Days on Market
8
Garage
No
View
No
County
Miami-Dade
Water Source
Public
Pool
No
Pool Features
None
Utilities
Sewer Available, Water Available
Listed by: Douglas Elliman
Listing Contact:
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Data last updated 10:46 AM UTC, 2/19/2025