Active

1786 - 1788 NW 47TH TER

MIAMI FL, 33142

$985,000


$475.85 per sqft

Active

2,070 sqft

Multi-family

Built in 2006

INVESTMENT / OPPORTUNITY ZONE PROPERTY 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) cost $18500, new paint (2024), new upgraded fire sprinkler systems (worth $75000), new blinds (2024), upgraded kitchens, laundry room and new patio (permit $14500). 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 current income is from the Assisted Living Facility business with residents. What makes this unique and rare is the Opportunity Zone. ALF is zoned for 14 residents, 1 room is currently available to receive 2 more residents.

S5105740

MLS ID

May 28, 2024

Listed

November 22, 2024

Updated

Map

1786 - 1788 NW 47TH TER
MIAMI FL, 33142

Interior Features

Total Stories

1


Interior Features

Built-in Features, Eat-in Kitchen, Living Room/Dining Room Combo, Window Treatments


Appliances

Dishwasher, Dryer, Microwave, Refrigerator, Washer


Laundry Description

Laundry Room


Floor Description

Ceramic Tile


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.11 Acres


Exterior Features

Lighting, Sidewalk


Roof

Shingle


Sewer

Private Sewer

Other Property Details

Area Name

33142 - Miami


Taxes

$7,174


Tax Frequency

Annually


Days on Market

60


Association Fee Frequency

Monthly


Garage

No


View

No


County

Miami-Dade


Municipality

53


Water Source

Private


Pool

No


Zoning

5700

Listing History

Date

Event

Price

6/27/2024

Active

6/15/2024

Pending

Listed by KELLER WILLIAMS LEGACY REALTY
Listing Contact: 407-855-2222 

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Data last updated 11/22/2024, 6:50 AM UTC

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