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
If you have been thinking about selling your home, or are looking to buy your dream home, Jenise welcomes the opportunity to meet you!! Feel free to reach out to me so we can discuss your real estate needs.