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1786 1788 NW 47th Terrace

Miami, FL 33142

– beds
– baths
2,070 sqft
4,796 sqft lot
$475 per sqft
2006 build
– on site

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.

Listing courtesy of STELLAR_MLS / KELLER WILLIAMS LEGACY REALTY

Last checked: Checking… • Last updated Oct 18, 2024 •

MLS# S5105740 —

The Building

Year Built:

2006
New Construction:

false
Construction Materials:

Block
Levels:

One
Roof:

Shingle
Foundation Details:

Block
Window Features:

Blinds
Patio And Porch Features:

Patio
Security Features:

Fire Sprinkler System
Accessibility Features:

Accessible Approach with Ramp
# of Buildings:

2
Building Area Total:

2561
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Interior Features:

Built-in Features
Flooring:

Ceramic Tile
Additional Rooms:

Formal Living Room Separate
Fireplace:

false

Room Dimensions

Living Area:

2070
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

From 112, turn into 19th Ave then L on 47th Ave.
Latitude:

25.818256
Longitude:

-80.226079
Coordinates:

-80.226079, 25.818256

The Property

Parcel Number:

0131220140221
Property Type:

Residential Income
Property Subtype:

Multi Family
Property Condition:

Completed
Lot Size Acres:

0.11
Lot Size Area:

4796
Lot Size SqFt:

4796
Lot Size Units:

Square Feet
Total Acres:

0 to less than 1/4
Zoning:

5700
View:

false
Exterior Features:

Lighting
Water Source:

Private
Road Surface Type:

Concrete
Flood Zone Code:

X
Flood Zone Panel:

12086C0303L
Additional Parcels:

false
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Lot:

2
Tax Block:

2
Tax Legal Description:

17TH AVE MANOR PB 18-43 LOT 2 BLK 2 LOT SIZE 44.000 X 109 OR 15562-3499 0592 4 COC 24933-4889 09 2006 1
Tax Book Number:

18-43
Tax Annual Amount:

7174

The Listing

Virtual Tour URL Unbranded:

https://www.propertypanorama.com/instaview/stellar/S5105740
Special Listing Conditions:

None

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Electricity Available
Sewer:

Private Sewer

Appliances

Appliances:

Dishwasher
Laundry Features:

Laundry Room

The Community

Subdivision Name:

17TH AVE MANOR
Senior Community:

false
Community Features:

Sidewalks
Water View:

false
Water Access:

false
Waterfront:

false
Pool Private:

false
Pets Allowed:

No
Association:

false
Ownership:

Sole Proprietor

Parking

Garage:

false
Carport:

false

Extra Units

# of Units Total:

2

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price
6/27/24 Jun 27, 2024	Relisted	STELLAR_MLS	$985,000
6/15/24 Jun 15, 2024	Pending	STELLAR_MLS	$985,000
5/28/24 May 28, 2024	Listed / Active	STELLAR_MLS	$985,000

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This multifamily located in Model City, Miami, FL 33142 is currently for sale for $985,000. 1786 1788 NW 47th Terrace is a 2,070 square foot multifamily with – beds and – baths that has been on Estately for 181 days. 1786 1788 NW 47th Terrace is in the Model City neighborhood of Miami and has a WalkScore® of 67, making it somewhat walkable. This multifamily is in the attendance area of Georgia Jones-Ayers Middle School, Robert Morgan Educational Center And Technical College, Kelsey L. Pharr Elementary School, Miami Northwestern Senior High School, and Air Base Elementary School.

Listing Courtesy of: STELLAR_MLS and KELLER WILLIAMS LEGACY REALTY.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively 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. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.