Building Details

Year Built 1952

Buildings 1

Stories 1

Units 4

Listing Agency: eXp Realty

Listed By: Claudienne Hibbert · License #3022949 Show Phone

Source: Crexi

Added: Jul 12, 2024 Changed: Aug 14 Last Checked: Sep 1 at 8:35PM

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Investment Insights

Based on property information with market context.

This multifamily property is located minutes away from Midtown, Miami Beach, South Beach, and Downtown Miami. The property has been completely renovated and is fully rented. It is described as a cash cow. The landlord is responsible for the electric and water bill.

Key Highlights

• Fully rented, offering immediate cash flow potential.
• Completely renovated.
• Excellent location: Minutes from Midtown, Miami Beach, South Beach, and Downtown Miami.

Property Analytics

Property Profile

Current Use

Multifamily properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Veterinary Clinic Butcher Pet Grooming Service Fish Market Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,102

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this multifamily properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Multifamily property - Fully rented, renovated multifamily property near Midtown, Miami Beach, and Downtown.

Where is this multifamily property located?

The property is located at 418 NW 47th St Miami, FL.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: Fully rented, offering immediate cash flow potential.; Completely renovated.; Excellent location: Minutes from Midtown, Miami Beach, South Beach, and Downtown Miami.