127 Northwest 47th Terrace

Miami, FL 33127

$1,690,000
Price
Beds
3,976 Sq. Ft.
$425 / Sq. Ft.
3,976
Sq. Ft.
$425
per Sq. Ft.

Description

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...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.
  1. Listed by Tinka Ellington • Douglas Elliman
  2. Listed by Adam Gautreaux • Douglas Elliman

Property Details for 127 Northwest 47th Terrace

Subdivision
SHADOWLAWN EXTENSION SUB
Waterfront
No
Waterfront Details
None
Style
No Pool/No Water

Location

Listing Courtesy of Douglas Elliman
Add your commute
LISTING UPDATED: 10/06/2023 08:41 AM

Property Details for 127 Northwest 47th Terrace

StatusActive
MLS #RX-10911891
Days on Market261
Taxes$9,043 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quad Plex
Year Built1926
Lot Size0.14 AC / 6,000 SF
CountyMiami-Dade County

Location

Listing Courtesy of Douglas Elliman
Add your commute

Building Information for 127 Northwest 47th Terrace

Stories2Residences6Year Built1926Building Size-Lot Size0.14 AC / 6,000 SF

Payment Calculator

$9,977 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,223

Property Taxes

$754

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 127 Northwest 47th Terrace

Summary
Location and General Information
  • Property Condition: Resale
  • Directions: use GPS pls
  • Geo Area: DADE
  • Street Number: 127
  • Subdivision Complex Bldg: SHADOWLAWN EXTENSION SUB
  • Municipal Code: 1
  • State: FL
  • City Postal ID: 33127
  • MLS Area: 2310
  • MLS Sub Area: DADE
Parking
  • Carport Spaces: 0
Taxes and HOA Information
  • Comm/Trans Brk: 3%
  • HOPA: No Hopa
  • Tax Year: 2022
Property
Lot Information
  • Area: 2310
  • HOA Amenities: None
  • Lot Description: < 1/4 Acre
  • Lot Dimensions: 50.0 ft x 120.0 ft
  • Parcel ID: 0131240160540
  • Property Group ID: 19990816212116581394000000
  • REO: No
  • Special Assessment: No
  • Sq Ft Total: 3,976
  • Square Ft Source: Tax Rolls
  • Zoning: T-3-L
Property and Assessments
  • Legal Desc: SHADOWLAWN EXTN PB 5-105 LOT 22 BLK 4 LOT SIZE 50 X 120 OR 19700-0036 05 2001 1 COC 22532-4432 07 2004 1
  • Sq Ft Liv Area: 3976.0
  • Legal Description: SHADOWLAWN EXTN PB 5-105 LOT 22 BLK 4 LOT SIZE 50 X 120 OR 19700-0036 05 2001 1 COC 22532-4432 07 2004 1
Utilities
  • Utilities: Public Sewer
Interior and Exterior Features
Exterior Features
  • Construction: Cbs Construction, Concrete Block Construction, Concrete Block With Brick
  • Exterior Features: Open Porch
  • Private Pool: No
  • Storm Protection: Panel Shutters: Complete
  • Subdiv Amenities: None
  • Gated Community YN: No
  • Structure Type: Quadruplex
Interior Features
  • Roof: Flat Tile
  • Separate Elec Meters: Yes
  • Separate Wtr Meters: Yes
  • Cooling: Central, Central Individual, Electric
  • Flooring: Vinyl Floor
  • Heating: Central, Central Individual, Electric
  • Guest Accommodations: No
Multi Family
Multi-Family Information
  • Income & Expenses: Annual Net Oper Inc: $86,745.00
  • Income & Expenses: Annual Total Expense: $25,385.00
  • Income & Expenses: Gross Operating Inc: $112,130.00
  • Tenant Pays: Cable, Electric
Unit 1
  • Unit 1 Desc: A/C Unit, Electric Meter, Kitchen, Range - Electric, Refrigerator
  • Unit 1 Info: Bedrooms: 4
  • Unit 1 Info: Full Bath: 2
  • Unit 1 Info: Furnished: Partial
  • Unit 1 Info: Monthly Income: 2,200
  • Unit 1 Info: SqFt: 1400.0
  • Unit 1 Parking: Open Parking
Unit 2
  • Unit 2 Desc: A/C Unit, Electric Meter, Kitchen, Range - Electric, Refrigerator
  • Unit 2 Info: Bedrooms: 2
  • Unit 2 Info: Full Bath: 1
  • Unit 2 Info: Furnished: Partial
  • Unit 2 Info: Monthly Income: $2,200
  • Unit 2 Info: SqFt: 700.0
  • Unit 2 Parking: Open Parking
Unit 3
  • Unit 3 Desc: A/C Unit, Electric Meter, Kitchen, Range - Electric, Refrigerator
  • Unit 3 Info: Bedrooms: 3
  • Unit 3 Info: Full Bath: 2
  • Unit 3 Info: Furnished: No
  • Unit 3 Info: Monthly Income: $2,500.00
  • Unit 3 Info: SqFt: 1176.0
  • Unit 3 Parking: Open Parking
Unit 4
  • Unit 4 Desc: A/C Unit, Electric Meter, Kitchen, Range - Electric, Refrigerator
  • Unit 4 Info: Bedrooms: 2
  • Unit 4 Info: Full Bath: 1
  • Unit 4 Info: Furnished: No
  • Unit 4 Info: Monthly Income: $2,200.00
  • Unit 4 Info: SqFt: 700.0
  • Unit 4 Parking: Open Parking
Rental
Rental Information
  • Pets on Premises: Yes

Property History for 127 Northwest 47th Terrace

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 127 Northwest 47th Terrace

Taxable ValueLand$381,024Additions$329,787Total$710,811
Tax Record2023$11,457 ($955 / month)
Home Facts
Total Finished SqFt1,492 SqFtAbove Grade Finished SqFt1,492 SqFtStories1Lot Size6,000 SqFtStyleMulti-Family Dwelling (2-4)Year Built1926Year Renovated1965Zoning0104CountyMIAMI-DADEAPN01-3124-016-0540

Schools near 127 Northwest 47th Terrace

This home is within Miami-Dade.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Shadowlawn Elementary School
PublicPK to 5

Jose De Diego Middle School
Public6 to 8

Robert Morgan Voc-Tech Institute
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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127 Northwest 47th Terrace is a multi-family home for sale in Miami, FL 33127. This property was listed for sale on August 15, 2023 by Douglas Elliman, it's currently listed at $1,690,000. It has been on the market for a total of 261 days and was last sold on September 30, 2009. This listing's school district is Miami-Dade. Nearby schools include Shadowlawn Elementary School, Air Base K-8 Center for International Education and Jose De Diego Middle School. 127 Northwest 47th Terrace is a 0-bed, 0-bath, 3,976 sqft multi-family home built in 1926.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Douglas Elliman

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.