Furnished Residential Income
For Sale
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220 NW 47th St #B Unit B, Miami, FL 33127
Two-bedroom residence with a private gated entry, dedicated parking, and a spacious backyard near Miami’s Design District.
Property Size950 SF
Price / SF$3
Days on Market62
Property Features for 220 NW 47th St #B Unit B
General Information
Standard status
Active
Size
950 SF
Total Parking Spaces
1
Property subtype
Multi-Unit
Additional Details
Furnished
Yes
Highway Access
Yes
Multifamily Units
1
Amenities
stainless steel appliances
in-unit Washer/Dryer
private automated gated entrance
spacious backyard
Lot Size Square Feet: 7150
Percentage of Tax that is Deductable: 0
Tile Floor
Garage Type: Has, One Garage Space
Has Central AC: 1
Electric Heat Fuel
Rental, Sale Type: Foreclosure, Availability Date: 2026-08-20
2 Bedrooms
Built in 1951, Community Pets Allowed
Subdivision Name: Buena Vista Heights Exten
Above Area Square Feet: 950
Is Furnished
One Full Bath
Water Source: Municipal
Construction Type: Masonry - Concrete Block, Deck, Patio
Oven, Refrigerator, Dishwasher, Microwave, Washer, Dryer
Building Details
Year Built
1951
Listing Agency:
Compass Florida, LLC
Listed By:
Sheyla Sandoval
(305) 851-2820
Source:
Doyle-realty
Added: Aug 20
Changed: Oct 19
Last Checked: Oct 19 at 10:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Florida, LLC
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Investment Insights
Based on property information with market context.
Built in 1951, this 950-square-foot residential income property offers two bedrooms and one bathroom in Miami’s Buena Vista neighborhood. The interior includes stainless steel appliances, an in-unit washer and dryer, and contemporary furnishings with a fully equipped kitchen. The property is available furnished for a move-in-ready residential setup.
A private automated gated entrance leads to parking for one vehicle, with additional street parking available. The spacious backyard provides outdoor space for dining, entertaining, recreation, or everyday use. The property is one mile from the Design District and Midtown, with access to I-95 and I-195. Wynwood, South Beach, and Miami International Airport are also within a short drive.
A private automated gated entrance leads to parking for one vehicle, with additional street parking available. The spacious backyard provides outdoor space for dining, entertaining, recreation, or everyday use. The property is one mile from the Design District and Midtown, with access to I-95 and I-195. Wynwood, South Beach, and Miami International Airport are also within a short drive.
Key Highlights
- 2‑bedroom, 1‑bath residence with 950 SF of living area
- Built in 1951 in Miami’s Buena Vista neighborhood
- Furnished option includes contemporary decor and a fully equipped kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,550
Suggested Prices Based on Cap Rates
Cap Rate 5%
$351,000
$351.0K
Cap Rate 7%
$250,714
$250.7K
Cap Rate 9%
$195,000
$195.0K
Market Conditions
NOI Build-Up for 950 SF
Gross rent
$34.2K $36.00/SF
− Vacancy
−$2.3K −$2.41/SF
EGI
$31.9K $33.59/SF
− OpEx
−$14.4K −$15.11/SF
NOI
$17.5K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$351,000
Cap Rate 7%
$250,714
Cap Rate 9%
$195,000
Alternative Uses
Best Use
Apartment 5plus
$250.7K
$219.4K – $292.5K
NOI $17,550 @ 7.0% cap · market cap 615.79%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$641.3K
$561.1K – $748.1K
NOI $44,888 @ 7.0% cap · market cap 1,575.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,007
Businesses Nearby
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Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom residence with a private gated entry, dedicated parking, and a spacious backyard near Miami’s Design District.
Where is this residential income property located?
The property is located at 220 NW 47th St #B Unit B Miami, FL.
What are key features of this property?
This property features: 2‑bedroom, 1‑bath residence with 950 SF of living area; Built in 1951 in Miami’s Buena Vista neighborhood; Furnished option includes contemporary decor and a fully equipped kitchen
