Basic Information

  • MLS # A11681510
  • Type Duplex / Quad Plex / Triplex
  • Style Duplex
  • Status Active
  • Subdivision/Complex 17 Ave Manor
  • Year Built 1946
  • Total Sqft 2,167
  • Date Listed 10/23/2024
  • Days on Market 21
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.

Exterior Features

  • Waterfront No
  • Pool No
  • Construction Type Block, Frame, Stucco
  • Parking Spaces 0
  • Parking Description
  • Roof Description Composition, Shingle

Interior Features

  • Adjusted Sqft 2,167
  • Cooling Description Central Air, Wall Window Units
  • Floor Description Ceramic Tile, Terrazzo
  • Heating Description Central, Wall Furnace
  • Sqft 2,167

Property Features

  • Address 1994 N W47 T E R
  • Aprox. Lot Size 2,167
  • City Miami
  • Construction Materials Block, Frame, Stucco
  • County Miami-Dade
  • Furnished Info No
  • Levels One
  • Listing Terms Cash, Conventional, F H A, Va Loan
  • Lot Description Less Than Quarter Acre
  • Lot Features Less Than Quarter Acre
  • Occupant Type Tenant
  • Pool Features None
  • Possession Closing And Funding
  • Postal City Miami
  • Public Survey Section One
  • Public Survey Township 30
  • Roof Composition, Shingle
  • Sewer Description Public Sewer
  • Short Sale Regular Sale
  • Stories 1
  • HOA Fees N/A
  • Subdivision Complex
  • Subdivision Info 17 Ave Manor
  • Tax Amount $7,262
  • Tax Information 17TH AVE MANOR PB 18-43 LOT 1 & 2 BLK 10 LOT SIZE 89.060 X 109 OR 21038-0820 0103 1 COC 24698-1664 06 2006 1
  • Tax Year 2023
  • Terms Considered Cash, Conventional, F H A, Va Loan
  • Type of Property Duplex
  • Year Built Details Resale

1994 NW 47th Ter

Miami, FL 33142

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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Keller Williams Eagle Realty. tel: 305-757-1700

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