Properties

Property Description

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.

Features
: Central
: Central Air
: Patio
: Lighting, Sidewalk
: Ceramic Tile
: Eat-in Kitchen, Window Treatments, Built-in Features, Living Room/Dining Room Combo
: Laundry Room
: Private Sewer
: Water Connected, Electricity Available, Private, Emergency Power
: Blinds
Appliances
: Dishwasher, Dryer, Microwave, Refrigerator, Washer
Address Map
US
FL
Miami-Dade
Miami
33142
47TH
1786 - 1788
TERRACE
W81° 46' 26.1''
N25° 49' 5.7''
From 112, turn into 19th Ave then L on 47th Ave.
33142 - Miami
NW
5700
Additional Info
KELLER WILLIAMS LEGACY REALTY
Hazel Heyer
$0
$0
Additional Information
: Sidewalks
: Block
: Block
: One
2
2024-05-28
https://www.propertypanorama.com/instaview/stellar/S5105740
: Private
: Accessible Kitchen, Accessible Central Living Area, Central Living Area, Accessible Hallway(s), Accessible Approach with Ramp, Accessible Bedroom, Accessible Full Bath, Visitor Bathroom
2561
Financial
7174
Listing Information
272505351
272561366
Cash,Conventional
Active
2024-08-09T20:37:08Z
Stellar
: None
2024-06-27T15:32:01Z

1786 - 1788 Nw 47th Ter, Miami, Florida 33142

Residential Income For Sale

2,070
$985,000
Listing ID #S5105740
Basic Details
Listing Type : For Sale
Listing ID : S5105740
Price : $985,000
Square Footage : 2,070
Year Built : 2006
Lot Size : 0.11 Acre
Listing Status : Active
Property Sub Type : Multi-Family
Roof : Shingle
Agent info
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