1786-1788 Northwest 47th Terrace

Miami, FL 33142

$985,000
Price
Beds
2,070 Sq. Ft.
$476 / Sq. Ft.
2,070
Sq. Ft.
$476
per Sq. Ft.

Description

INVESTMENT / OPPORTUNITY ZONE PROPERTY FOR SALE IN MIAMI near the Brownsville area, University of Miami Hospital, the Liberty City neighborhood and Allapattah areas. The 2 buildings, 2 well-appointed, upgraded duplexes boasts a total of 6 bedrooms sprawled over 2071 sft (actually 2233 adjusted sqft due to the installed patio on the side and rear of the building). It has a new roof (2018), new paint (2024), new upgraded fire sprinkler systems ($75000), new blinds (2024), upgraded kitchens, laundry...INVESTMENT / OPPORTUNITY ZONE PROPERTY FOR SALE IN MIAMI near the Brownsville area, University of Miami Hospital, the Liberty City neighborhood and Allapattah areas. The 2 buildings, 2 well-appointed, upgraded duplexes boasts a total of 6 bedrooms sprawled over 2071 sft (actually 2233 adjusted sqft due to the installed patio on the side and rear of the building). It has a new roof (2018), new paint (2024), new upgraded fire sprinkler systems ($75000), new blinds (2024), upgraded kitchens, laundry room and new patio (permit $14,500). Currently running as a good income-generating Assisted Living Facility producing $200,000 per year, the property has been fitted a new generator (2024) worth $43,000. The metal security gate offers ample security to residents; it has renovated bathrooms and kitchen with stainless steel appliances, and ample parking for a property centrally located with access to major highways and nearby schools. As an ALF facility, residents find a new lease on life where every more vulnerable senior can live comfortably under the loving watch of a dedicated caregiver. The ALF makes $200,000 per year, and business sale will be handled separately by the Seller's Attorney - should buyer wish to keep the ALF in place. Traffic Count almost 114k CPD in its well travelled roadway. ALF is zoned for 14 residents, 1 room is currently available to receive 2 more residents for an approx. additional $6000 income.
  1. Listed by Hazel Heyer • KELLER WILLIAMS LEGACY REALTY

Property Details for 1786-1788 Northwest 47th Terrace

Subdivision Name
17TH AVE MANOR
Township
53
Waterfront
No
LISTING UPDATED: 08/09/2024 04:36 PM

Property Details for 1786-1788 Northwest 47th Terrace

StatusActive
MLS #S5105717
Days on Market197
Taxes$7,174 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi-Family
Year Built2006
Lot Size0.11 AC / 4,796 SF
CountyMiami-Dade County

Building Information for 1786-1788 Northwest 47th Terrace

Stories-Residences-Year Built2006Building Size-Lot Size0.11 AC / 4,796 SF

Property Information for 1786-1788 Northwest 47th Terrace

Summary
Location and General Information
  • Building Area Source: Public Records
  • Building Area Total: 2561.0
  • Building Area Units: Square Feet
  • Community Features: Sidewalk
  • Directions: From 112, turn into 19th Ave then L on 47th Ave.
  • Mls Major Change Type: Back On Market
  • Major Change Type: Back On Market
  • Listing Service: Full Service
  • Road Frontage Type: City Street
  • Unit Number: No
  • Street Number: 1786 - 1788
  • Street Direction Prefix: NW
  • Street Name: 47TH
  • Street Suffix: TERRACE
  • State: FL
  • City: MIAMI
Taxes and HOA Information
  • Association Name: NA
  • Tax Block: 2
  • Tax Book Number: 18-43
  • Tax Legal Description: 17TH AVE MANOR PB 18-43 LOT 2 BLK 2 LOT SIZE 44.000 X 109 OR 15562-3499 0592 4 COC 24933-4889 09 2006 1
  • Tax Lot: 2
  • Tax Year: 2023
Virtual Tour
Property
Lot Information
  • Additional Parcels: No
  • Parcel Number: 01-3122-014-0221
  • Total Acreage: 0 to less than 1/4
  • Total Num Buildings: 2
  • Use Code: 08
  • Water Access: No
  • Water Extras: No
  • Zoning: 5700
  • Living Area: 2070
Property and Assessments
  • Year Built Numeric: 2006
  • Accessibility Features: Accessible Approach with Ramp, Accessible Bedroom, Accessible Full Bath, Visitor Bathroom, Accessible Hallway(s), Accessible Kitchen, Accessible Central Living Area, Central Living Area
  • Flood Zone Code: X
  • Flood Zone Date: 09-11-2009
  • Flood Zone Panel: 12086C0303L
  • Net Operating Income: $200,000
  • New Construction: No
  • Property Condition: Completed
  • Public Survey Range: 41
  • Public Survey Section: 22
Utilities
  • Electric: Generator, Generator Hookup
  • Sewer: Private Sewer
  • Utilities: Electricity Available, Emergency Power, Private, Water Connected
  • Water Source: Private
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block
  • Foundation Details: Block
  • Pool: None
  • Pool Private: No
  • Security Features: Fire Sprinkler System, Security Gate, Security Lights, Security System, Smoke Detector(s)
  • Waterfront Feet Total: 0
Interior Features
  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • Ceiling Type: Drywall
  • Cooling: Central Air
  • Door Height: 14'
  • Door Width: 36"
  • Flooring: Ceramic Tile
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No
  • Window Features: Blinds
Multi Family
Multi-Family Information
  • Annual Income Type: Actual
Rental
Rental Information
  • Pets Allowed: No

Property History for 1786-1788 Northwest 47th Terrace

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1786-1788 Northwest 47th Terrace

This home is within Miami-Dade County Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Kelsey L. Pharr Elementary School
PublicPK to 5

Georgia Jones Ayers Middle School
Public6 to 8

Robert Morgan Voc-Tech Institute
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1786-1788 Northwest 47th Terrace is a multi-family home for sale in Miami, FL 33142. This property was listed for sale on May 27, 2024 by KELLER WILLIAMS LEGACY REALTY, it's currently listed at $985,000. This listing's school district is Miami-Dade County Public Schools. Nearby schools include Kelsey L. Pharr Elementary School, Air Base K-8 Center for International Education and Georgia Jones Ayers Middle School. 1786-1788 Northwest 47th Terrace is a 0-bed, 0-bath, 2,070 sqft multi-family home built in 2006.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KELLER WILLIAMS LEGACY REALTY

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.