Dont 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.
- Address 1994 NW 47 TER
- City Miami
- County Miami-Dade
- Zip 33142
-
Price
$900,000
($415 / SqFt) - Status Active
- Subdivision 17 Ave Manor
- Pets Allowed No
- MLS® # A11681510
- Property Type Residential Income
- Property Sub TypeDuplex
- Status Active
- Square Feet 2,167
- Year Built 1946
- Waterfront No
- Maintenance Fees No Info Provided
- Taxes $7,262
- Tax Year 2023
Miami, FL 33142
Miami, FL 33142
Miami, FL 33142
Miami, FL 33142
Miami, FL 33142
Miami, FL 33142