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    11 47Th Ter Miami, FL 33127

    Sponsored
    For Sale
    $1,200,000

    Renovated Duplex, 3/2 + Studio, $1.2M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This charming, renovated duplex in Miami's desirable Buena Vista neighborhood presents a fantastic investment opportunity. Priced at $1,200,000, this 1-story, 1938-built property offers a turnkey solution for investors seeking immediate income generation. The main house boasts a spacious 3-bedroom, 2-bathroom layout, complete with modern stainless steel appliances. A detached studio apartment provides additional rental income, featuring its own private bathroom and kitchenette. The property benefits from impact glass windows throughout, enhancing security and energy efficiency. Residents enjoy easy access to a vibrant array of restaurants, shops, and entertainment venues, making this an attractive location for tenants. The property's address is 11 NW 47th Ter, Miami, FL 33127, situated within Miami-Dade County. This meticulously maintained duplex is ready for immediate occupancy, offering a blend of classic charm and modern updates. The combination of its prime location, attractive features, and strong rental potential makes this a compelling investment opportunity in the thriving Miami real estate market. The property is classified as a Multifamily, Apartment Building, Duplex/Triplex/Quadruplex.

    Property Features for 11 47Th Ter

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1938
    Stories
    1

    HighLights

    • $1,200,000 asking price.
    • Multifamily property, specifically a renovated duplex/triplex/quadruplex.
    • Built in 1938, one‑story building.
    • Located at 11 NW 47th Ter, Miami, FL 33127.
    • Features a 3/2 main house and a detached studio apartment.
    • Includes stainless steel appliances and impact glass windows.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Food Market Clothing Store Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1962121
    Latitude
    25.8194403

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    FAQs

    What type of property is this?
    Multifamily property - Renovated Duplex, 3/2 + Studio, $1.2M
    Where is this multifamily property located?
    The property is located at 11 47Th Ter Miami, FL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: $1,200,000 asking price.; Multifamily property, specifically a renovated duplex/triplex/quadruplex.; Built in 1938, one-story building.
    Request Owner's contact information
    11 47Th Ter Miami, FL 33127
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11 47Th Ter Miami, FL 33127
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