1994 NW 47 TER Miami, FL 33142
UPDATED:
11/16/2024 08:01 PM
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,167 sqft
Price per Sqft $415
Subdivision 17 Ave Manor
MLS Listing ID A11681510
Construction Status Resale
HOA Y/N No
Year Built 1946
Annual Tax Amount $7,262
Tax Year 2023
Property Description
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.
Location
State FL
County Miami-dade
Community 17 Ave Manor
Area 31
Interior
Heating Central, Wall Furnace
Cooling Central Air, Wall/Window Unit(s)
Flooring Ceramic Tile, Terrazzo
Exterior
Pool None
Utilities Available Cable Available
Roof Type Composition,Shingle
Total Parking Spaces 6
Building
Lot Description < 1/4 Acre
Story 1
Sewer Public Sewer
Level or Stories One
Structure Type Block,Frame,Stucco
Construction Status Resale
Others
Tax ID 30-31-22-014-1830
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan