1786 - 1788 NW 47TH TER Active Save Request In-Person Tour Request Virtual Tour
Miami,FL 33142
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,070 sqft
Price per Sqft $475
Subdivision 17Th Ave Manor
MLS Listing ID S5105717
HOA Y/N No
Originating Board Stellar MLS
Year Built 2006
Annual Tax Amount $7,174
Lot Size 4,791 Sqft
Acres 0.11
Property 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 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.
Location
State FL
County Miami-dade
Community 17Th Ave Manor
Zoning 5700
Interior
Cooling Central Air
Flooring Ceramic Tile
Appliance Dishwasher,Dryer,Microwave,Refrigerator,Washer
Exterior
Community Features Sidewalks
Utilities Available Electricity Available,Emergency Power,Private,Water Connected
Waterfront false
Building
Foundation Block
Lot Size Range 0 to less than 1/4
Sewer Private Sewer
Water Private
Structure Type Block
New Construction false
Others
Pets Allowed No
Ownership Sole Proprietor
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None