$1,690,000

127 NW 47th Terrace Miami, FL 33127

Little Haiti Neighborhood

Estimated payment $10,542/month

Total Views 1,649
-- Bed
-- Bath
4,120 Sq Ft
$410 Price per Sq Ft

Highlights

  • Porch
  • Central Heating and Cooling System
  • 4-minute walk to Pullman Park
  • Open Patio

About This Home

Great Investment opportunity with stable rent growth and cash flow. Located in close proximity to the Design District, Wynwood, and downtown Miami. The property has a new roof and consists of 6 individual units with a total of 11 bedrooms and 6 bathrooms. Included 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. Laundry is on premise. This property offers an opportunity to further increase cash flow through small improvements according to fair market value.

Listing Agent

Tinka Ellington

Douglas Elliman License #3290973

Douglas Elliman

Co-Listing Agent

Michele Bezjak

Douglas Elliman License #3425844

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,304

Year Built

  • Built in 1926

Home Design

  • Flat Roof Shape
  • Tile Roof

Interior Spaces

  • 4,120 Sq Ft Home
  • 2-Story Property

Outdoor Features

  • Open Patio
  • Porch

Additional Features

  • 6,000 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 01-31-24-016-0540

Community Details

Overview

  • 4 Units
  • Shadowlawn Extension Sub Subdivision

Building Details

  • Operating Expense $35,532
  • Net Operating Income $107,664

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,304

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: Please use GPS
  • Year Built: 1926
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Other
  • Living Area: 4120.0

Exterior Features

  • Exterior Features: Porch
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Pet on Property
  • Construction Type: Block
  • Patio And Porch Features: Open, Porch
  • Property Condition: Resale
  • Roof: Flat, Tile

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No

Lot Info

  • Parcel #: 01-31-24-016-0540
  • Lot Size: 50.0 ft x 120.0 ft
  • Lot Size Sq Ft: 6000.0
  • Zoning Description: 0104
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 107664.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 35532.0

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 13304.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2025 02/10/25 For Sale $1,690,000 -- $410 / Sq Ft
Source: BeachesMLS

Source: BeachesMLS

MLS Number: R11061048

BeachesMLS

Florida Miami/Dade County Miami 33127 Little Haiti

127 NW 47th Terrace, Miami, FL

Homes for Sale in Miami, FL

This home is located at 127 NW 47th Terrace, Miami, FL 33127 and is currently priced at $1,690,000, approximately $410 per square foot. This property was built in 1926. 127 NW 47th Terrace is a home located in Miami-Dade County with nearby schools including Shadow Lawn Elementary School, Jose De Diego Middle School, and Miami Edison Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Tinka Ellington
Listing Agent
Tinka Ellington
Section Image
Douglas Elliman
(954) 448-5226