1994 NW 47 TER, Miami FL 33142

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.

This duplex home located at 1994 NW 47 TER, Miami FL 33142 is currently for sale and has been available on Brickellsold for 75 days. This property is listed at $849K. It has N/A beds, N/A bathrooms, and is 2167 square feet. It was built in 1946. 1994 NW 47 TER, Miami FL 33142 is in Miami neighborhood Miami-Dade County.