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

 

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