New Listing - 10/23/2024

$900,000 ($415.32 per sqft)

Est. Mortgage $4,670/mo *

Quick Pre-Approval

1994 NW 47 TER, Miami, FL, 33142

1994 NW 47 TER, Miami, FL, 33142

1946

2,167 sqft

Don't miss out on this incredible opportunity to invest in a property with endless possibilities! This unique listing features two detached structures on a 10,000 sqft LOT, providing privacy for each unit. Front unit boasts a 4/3.5 layout, while back unit offers a cozy 2/1 space. Front unit entirely remodeled! If you rent the 4/3.5 as a 1/1+3/1.5, you have a solid 6% cap b/t the three units (1 bed and bath can easily be separated as an efficiency/ in law quarter)! 2/1 can easily be rented around $2300 (current tenant paying $900). Property also qualifies for AIRBNB, so your cap rate could be even higher! Property has the potential to be split into 2 lots allowing for redevelopment and even more value. Separate electrical and water meters for the 4/3.5 and 2/1 units make billing a breeze.


Status:

Active

Type:

Multi-family

Zoning:

5700

Subdivision:

17 AVE MANOR

Heating:

Central, Wall Furnace

Cooling:

Central Air, Wall/Window Unit(s)

Parking:

6-car

Est. Taxes:

$7,262

Construction

Block,Frame,Stucco

Utilities

Cable Available

Lot Description:

< 1/4 Acre

Days on Market:

2

Pool:

None

MLS #:

A11681510


Community Info

School Info

Walk Score

Yelp



Listing courtesy of KELLER WILLIAMS EAGLE REALTY Phone: 305-757-1700