1994 NW 47 TER, Miami, 33142

  • $900,000

Listing UP for Sale

Miami

Overview

Property ID: A11681510
  • Property Type
  • Duplex
  • 2167
  • sqft
  • 1946
  • Year Built

Description

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.

  • Address 1994 NW 47 TER
  • City Miami
  • State/county Florida
  • Zip/Postal Code 33142
  • Area Miami-dade County

Details

Updated on October 26, 2024 at 7:12 am
  • Property ID: A11681510
  • Price: $900,000
  • Property Size: 2167 sqft
  • Year Built: 1946
  • Property Type: Duplex
  • Property Status: Listing UP for Sale

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Ivan Rabinovich
  • Ivan Rabinovich