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.
Address Map
US
FL
Miami-Dade
Miami
SHADOWLAWN EXTENSION SUB
33127
Terrace
W81° 48' 6''
N25° 49' 9.9''
MLS Addon
Active
No
2024
4,120 Sqft
50.0 ft x 120.0 ft
0104
No
Resale
No
No
No
$410
Douglas Elliman
for Sale
127 47th Terrace, Miami, Florida 33127
4,120 Sqft
Visits : 32 in 51 days
$1690000
Listing ID #RX-11061048
Basic Details
Property Type :
Type : Quad Plex
Listing Type : for Sale
Listing ID : RX-11061048
Street : 47th
Street Number : 127
Price : $1690000
View : Lake
Half Bathrooms : 0
Square Footage : 4,120 Sqft
Year Built : 1926
Lot Area : 6,000 Sqft