Great Investment opportunity with stable rent grwth 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 a dditional 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.

Request Information
on 127 NW 47th Ter
in Miami, FL
Presented by Tinka Ellington at
Boca Raton.


Property MLS #RX-10911891 from BeachesMLSFlex
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+ Bedrooms

Bedrooms: 11

+ Heating and Cooling

Cooling Features: Central, Central Individual, Electric
Heating Features: Central, Central Individual, Electric

+ Bathrooms

Full Bathrooms: 6

+ Interior Features

Flooring: Vinyl Floor

+ Exterior and Lot Features

Open Porch

+ Land Info

Lot Description: < 1/4 Acre
Lot Size Acres: 0.137741
Lot Size Dimensions: 50.0 ft x 120.0 ft
Lot Size Square Feet: 6000

+ Homeowners Association

Association: No
Calculated Total Monthly Association Fees: 0

+ Rental Info

Gross Income: 112130.00
Tenant Pays: Cable, Electric

+ Multi-Unit Info

Number of Units: 6
Bedrooms in Unit-1: 4
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 3
Bedrooms in Unit-4: 2
Full Bathrooms in Unit-1: 2
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 2
Full Bathrooms in Unit-4: 1
Unit-1 Description: A/C Unit, Electric Meter, Kitchen, Range - Electric, Refrigerator
Unit-3 Description: Unit 3 Desc: A/C Unit, Electric Meter, Kitchen, Range - Electric, Refrigerator
Unit-4 Description: A/C Unit, Electric Meter, Kitchen, Range - Electric, Refrigerator
Unit-1 Furnished Description: Partial
Unit-2 Furnished Description: Partial
Unit-3 Furnished Description: No
Unit-4 Furnished Description: No
Unit-1 Square Feet: 1400
Unit-2 Square Feet: 700
Unit-3 Square Feet: 1176
Unit-4 Square Feet: 700

+ Other Property Info

Annual Tax Amount: 9043.25
Source Listing Status: Active
County: Miami-Dade
Directions: use GPS pls
Tax Year: 2022
Source Property Type: Residential Income
Area: 2310
Source Neighborhood: SHADOWLAWN EXTENSION SUB
Subdivision: SHADOWLAWN EXTENSION SUB
Zoning: T-3-L
Property Subtype: Quad Plex
Source System Name: C2C
+ Reveal Property Sale History

Price Changed 2023-10-06
$1,690,000
BeachesMLSFlex

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Listed 2023-08-15
$1,795,000
BeachesMLSFlex

+ Commercial Info

Net Operating Income: 86745.00
Operating Expense: 25385.00

+ Building and Construction

Total Square Feet Living: 3976
Year Built: 1926
Construction Materials: CBS, Concrete
Living Area Source: Tax Rolls
Property Age: 97
Property Condition: Resale
Roof: Flat Tile
Levels or Stories: 2.0
Structure Type: Quadruplex
Total Area Sqft: 3976
Year Built Details: Resale

+ Utilities

Electric: Yes
Public Sewer

+ Display Complete School Details

Shadowlawn Elementary School is a public elementary school located approximately 0.1 miles away.
Map directions

Miami Edison Senior High School is a public high school located approximately 0.9 miles away.
Map directions

Jose De Diego Middle School is a public middle school located approximately 1 miles away.
Map directions

Ebenezer Christian Academy II is a private elementary, middle and high school located approximately 0.4 miles away.
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