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1786 - 1788 NW 47th Ter
For Sale $985,000 ($475.85 per Sq Ft)
$985,000 ($475.85 per Sq Ft)
- Units
- 2,070 Sq Ft
- 4,796 Sq Ft
- Unknown Cap Rate
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.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $985,000 |
| Property Type | Other |
| Usable Sqft | 2,070 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 2006 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| Association Name: | NA |
| APN # | 0131220140221 |
| MLS # | S5105717 |
| Property ID | 320532909 |
| Lot Sqft | 4,796 |
| Zoning | 5700 |
| Days on Market | 212 |
| Original List Price | $985,000 |
| Applicances | Dishwasher, Dryer, Microwave, Refrigerator, Washer% |
| Date Updated | August 09, 2024 |
| Date Created | May 27, 2024 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Hazel Heyer an agent of .
© 2024 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of August 09, 2024 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT