127 Nw 47th Ter
$1,690,000, 11 Beds 6 Baths 3,976 Sqft .14 Acres
About This Property
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.
Essential Information
Community Information
Amenities
Interior
Heating
Central, Central Individual, Electric
Cooling
Central, Central Individual, Electric
Exterior
Additional Information
Listing Details
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127 Nw 47th Ter, Miami (MLS® #RX-10911891) Property History
Price Reduced from $1,795,000 to $1,690,000
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Listing information last updated on May 18th, 2024 at 9:31am CDT.