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127 NW 47th Terrace, Miami, FL 33127

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For Sale

$1,690,000

11 beds • 6 baths • 3,976 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $425.05
    Price per square foot

  • Over 50 Years Old
    Age

Explore 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.
MLS# RX-10911891

Courtesy Of Douglas Elliman

(561) 245-2635

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Porch
  • Architecture Style
    Other
  • Cooling System
    Central A/C
  • Exterior Type
    Concrete
  • Floor Covering
    Vinyl
  • Heating Fuel
    Electric
  • Heating System
    Central Furnace
  • Roof Type
    Tile
  • Rooms
    Bedroom, Full Bath

Map and Directions

Directions to 127 NW 47th Terrace, Miami, FL 33127

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(786) 900-0155
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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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