Skip To Content

127 NW 47th Terrace

Miami, FL 33127
  • $1,690,000
  • STATUS: Active
  • ON SITE: 193 Days
  • MLS #: RX-10911891
UPDATED: 91 min ago
$1,690,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,976
    SQFT
  • $425
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1926
County:
Area:

School Ratings & Info

Description

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.

Monthly Payment Calculator

www.billeroproperties.com/homes/142438553
Print Image

127 NW 47th Terrace Miami, FL 33127

  • Price: $1,690,000
  • Status: Active
  • On Site: 193 Days
  • Updated: 91 min ago
  • MLS #: RX-10911891
0
Beds
0
Baths
0
½ Baths
0.14
Acres
3,976
SQFT
$425
$/SQFT
1926
Built
Neighborhood:
Shadowlawn Extension Sub
County:
Miami-Dade
Area:
Miami
Property Description
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.
Exterior Features

Carport Spaces 0.00 Construction CbsConcrete Exterior Features Open Porch Lot Description < 1/4 Acre Lot Dimensions 50.0 Ft X 120.0 Ft Private Pool YN No Roof Flat Tile Storm Protection Panel Shutters Complete Unit1 Parking Open Parking Unit2 Parking Open Parking Unit3 Parking Open Parking Unit4 Parking Open Parking Waterfront Description None Waterfront YN No

Interior Features

Cooling CentralCentral IndividualElectric Flooring Vinyl Floor Heating CentralCentral IndividualElectric Unit1 Bedrooms 4 Unit1 Desc A/C UnitElectric MeterKitchenRange - ElectricRefrigerator Unit1 Full Baths 2 Unit1 Furnished Partial Unit1 Sq Ft 1400 Unit2 Bedrooms 2 Unit2 Desc A/C UnitElectric MeterKitchenRange - ElectricRefrigerator Unit2 Full Baths 1 Unit2 Furnished Partial Unit2 Sq Ft 700 Unit3 Bedrooms 3 Unit3 Desc A/C UnitElectric MeterKitchenRange - ElectricRefrigerator Unit3 Full Baths 2 Unit3 Furnished No Unit3 Sq Ft 1176 Unit4 Bedrooms 2 Unit4 Desc A/C UnitElectric MeterKitchenRange - ElectricRefrigerator Unit4 Full Baths 1 Unit4 Furnished No Unit4 Sq Ft 700

Property Features

Annual Net Operating Income 86745.00 Annual Total Expenses 25385.00 Auction No Available Info Investment AnalysisLeases Built Desc Resale Gated Community No Gross Operating Income 112130.00 Homeowners Association None HOPA No Hopa List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Multifamily Type Quad Plex Possession Funding REO No Restrictions Other Separate Electric Meters Yes Separate Water Meters Yes Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses Owner Special Assessment No Sq Ft Total 3976.00 Subdivision Amenities None Tax Amount 9043.25 Tax Year 2022 Taxes No Homestead Tenant Pays CableElectric Terms Considered CashConventional Unit1 Monthly Income 2200.00 Unit2 Monthly Income 2200.00 Unit3 Monthly Income 2500.00 Unit4 Monthly Income 2200.00 Utilities Public Sewer Zoning T-3-L

Listing provided courtesy of Douglas Elliman: . Listing information © 2024 BeachesMLS
 
https://bt-photos.global.ssl.fastly.net/rmls/1280_boomver_1_RX-10911891-2.jpg https://bt-photos.global.ssl.fastly.net/rmls/1280_boomver_1_RX-10911891-2.jpg https://bt-photos.global.ssl.fastly.net/rmls/1280_boomver_1_RX-10911891-2.jpg
Logo
Billero & Billero Properties
300 Sebastian Blvd.
Sebastian FL, 32958