127 47th Terrace, MLS # RX-10911891, Miami Commercial For Sale | InCom Real Estate - Sample Office
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127 NW 47th Terrace , SHADOWLAWN EXTENSION SUBMiami, 33127
127 47th Terrace presented by :
Brokered By: Douglas Elliman
Price: | 1,690,000.00 |
Type: | Quad Plex |
Square Feet: | 3976 |
Lot Square Feet: | 6000.00 |
Remarks
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.