127 NW 47TH TER MIAMI, FL 33127

Features

• Price/sqft: $425
• Lot Size: 6000
• Total Units: 2
• Total Rooms: 10
• Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
• Stories: 100
• Roof Type: Tile
• Heating: Central Furnace
• Construction Type: Concrete Block
• Exterior Walls: Stucco

Facts

• Year Built: 01/01/1926
• Property ID: 808182100
• MLS Number: RX-10911891
• Parcel Number: 01-3124-016-0540
• Property Type: Multi-family (5 or more units)
• County: MIAMI-DADE
• Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. 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.