PRICED AT ONLY: $1,690,000
Address: 127 47th Terrace Nw, Miami, FL 33127
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 and 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.
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- MLS#: RX-11061048 ( Quad Plex )
- Street Address: 127 47th Terrace Nw
- Viewed: 6
- Price: $1,690,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1926
- Bldg sqft: 0
- Days On Market: 179
- Additional Information
- Geolocation: 25.8194 / -80.1983
- County: MIAMI DADE
- City: Miami
- Zipcode: 33127
- Subdivision: Shadowlawn Extension Sub
- Provided by: Douglas Elliman
- Contact: Tinka Ellington
- (561) 245-2635
- DMCA Notice
Features
Building and Construction
- Absolute Longitude: 80.198332
- Construction: CBS, Concrete
- Exterior Features: Open Porch
- Flooring: Other
- Roof: Flat Tile
- Sqft Source: Tax Rolls
- Sqft Total: 4120.00
- Total Building Sqft: 4120.00
Property Information
- Property Condition: Resale
- Property Group Id: 19990816212116581394000000
Land Information
- Lot Description: < 1/4 Acre
- Lot Dimensions: 50.0 ft x 120.0 ft
- Subdivision Information: None
Eco-Communities
- Private Pool: No
- Storm Protection Panel Shutters: Complete
- Waterfront Details: None
Utilities
- Carport Spaces: 0.00
- Cooling: Central, Central Individual, Electric
- Heating: Central, Central Individual, Electric
- Number Of Stories: 2.0
- Separate Elec Meters: Yes
- Separate Wtr Meters: Yes
- Utilities: Public Sewer, Public Water
Finance and Tax Information
- Homeowners Assoc: None
- Income Expenses Annual Net Oper Inc: 107664.00
- Income Expenses Annual Total Expense: 35532.00
- Income Expenses Gross Operating Inc: 143196.00
- Source Of Expenses: Owner
- Tax Year: 2024
Rental Information
- Tenant Pays: Cable, Electric
Other Features
- Avail Info: Investment Analysis
- Country: United States
- Housing For Older Persons Act: No Hopa
- Legal Desc: SHADOWLAWN EXTN PB 5-105 LOT 22 BLK 4 LOT SIZE 50 X 120 OR 19700-0036 05 2001 1 COC 22532-4432 07 2004 1
- Multiple Ofrs Acptd: No
- Parcel Id: 0131240160540
- Possession: Funding
- Special Assessment: No
- Zoning: 0104
Nearby Subdivisions
Contact Info
- The Real Estate Professional You Deserve
- Mobile: 904.248.9848
- phoenixwade@gmail.com
