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127 NW 47th Terrace

Miami, FL 33127
  • $1,690,000
  • STATUS: Active
  • ON SITE: 39 Days
  • ID#: RX-11061048
$1,690,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,120
    SQFT
  • $410
    $/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. 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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www.kaufman-propertiesfl.com/homes/160215071
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127 NW 47th Terrace Miami, FL 33127

  • Price: $1,690,000
  • Status: Active
  • On Site: 39 Days
  • ID#: RX-11061048
0
Beds
0
Baths
0
½ Baths
0.14
Acres
4,120
SQFT
$410
$/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. 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.
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 Other Heating CentralCentral IndividualElectric Unit1 Bedrooms 11 Unit1 Desc A/C Unit Unit1 Full Baths 6 Unit1 Furnished Partial Unit1 Sq Ft 1400 Unit2 Bedrooms 0 Unit2 Desc A/C Unit Unit2 Full Baths 0 Unit2 Furnished Partial Unit2 Sq Ft 1700 Unit3 Bedrooms 0 Unit3 Desc A/C Unit Unit3 Full Baths 0 Unit3 Furnished No Unit3 Sq Ft 1176 Unit4 Bedrooms 0 Unit4 Desc A/C Unit Unit4 Full Baths 0 Unit4 Furnished No Unit4 Sq Ft 700

Property Features

Annual Net Operating Income 107664.00 Annual Total Expenses 35532.00 Auction No Available Info Investment Analysis Built Desc Resale Gated Community No Gross Operating Income 143196.00 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 4120.00 Subdivision Amenities None Tax Amount 13303.80 Tax Year 2024 Taxes No Homestead Tenant Pays CableElectric Terms Considered CashConventional Unit1 Monthly Income 2200.00 Unit2 Monthly Income 2200.00 Unit3 Monthly Income 2000.00 Unit4 Monthly Income 2200.00 Utilities Public SewerPublic Water Zoning 0104

Listing provided courtesy of Douglas Elliman: . Listing information © 2025 BeachesMLS
 
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Michael Kaufman Real Estate
1200 N Federal Hwy, Suite 300
Boca Raton FL, 33432