1994 Northwest 47th Terrace
$900,000
—
2,167
2,167
$415
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...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.
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...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.
- Listed by Ivan Rabinovich • Keller Williams Eagle Realty
- Listed by Rolando Ramirez • Keller Williams Eagle Realty
Property Details for 1994 Northwest 47th Terrace
Subdivision
17 AVE MANOR
StyleDuplex
WaterfrontNo
Area31
AuctionNo
Num Stories1
Sq Ft Total2167
Sq Ft Liv Area2167.0
LISTING UPDATED: 11/16/2024 03:00 PM
Property Details for 1994 Northwest 47th Terrace
Status | Active |
---|---|
MLS # | A11681510 |
Days on Market | 28 |
Taxes | $7,262 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family Income / Duplex |
Year Built | 1946 |
Lot Size | - |
County | Miami-Dade County |
Building Information for 1994 Northwest 47th Terrace
Stories-Residences-Year Built1946Building Size-Lot Size-
Property Information for 1994 Northwest 47th Terrace
Property History for 1994 Northwest 47th Terrace
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1994 Northwest 47th Terrace
Taxable ValueLand$286,356Additions$193,293Total$479,649
Tax Record2023$7,262 ($605 / month)
Home Facts
Total Finished SqFt1,606 SqFtAbove Grade Finished SqFt1,606 SqFtStories1Lot Size9,707 SqFtStyleDuplexYear Built1946Year Renovated2016Zoning5700:DUPLEXESCountyMIAMI-DADEAPN30-3122-014-1830
Schools near 1994 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 |
---|---|---|
Earlington Heights Elementary School PublicPK to 5 | ||
Air Base K-8 Center for International Education PublicPK to 8 | ||
Brownsville 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.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.