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    2126 47Th Ter Miami, FL 33142

    Sponsored
    For Sale
    $620,000

    Spacious 2-unit duplex with strong rental income.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This charming 1-story, 1963-built duplex in Miami, Florida (33142), presents a compelling investment opportunity. Located at 2126 NW 47th Ter, this property boasts two units generating a combined monthly rental income of $5,000. Unit A, a fully furnished unit rented month-to-month at $3,200 to a construction company, offers flexibility. Unit B, partially furnished, commands $1,800 per month under a lease extending until April 2025, providing stable income. Recent upgrades include a new roof, updated windows, fresh paint, and stucco, enhancing both curb appeal and property value. Each unit features its own HVAC system and FPL meter, while a shared water meter optimizes utility management. Ample parking is available both inside a gated area and in front of the property. The property's location in a high-demand area offers easy access to major highways and hospitals, making it particularly attractive to travel nurses, medical students, or those seeking a small recovery home. A drive-by is encouraged, but tenant privacy must be respected. Serious inquiries only

    Property Features for 2126 47Th Ter

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1963
    Stories
    1
    Units
    2

    HighLights

    • Charming 1‑story, 1963‑built duplex in Miami, FL (33142) at 2126 NW 47th Ter.
    • Generates $5,000 monthly rental income from two units.
    • Unit A (furnished, month‑to‑month, $3,200/month) and Unit B (partially furnished, leased until April 2025, $1,800/month).
    • Recent upgrades include a new roof, windows, paint, and stucco.
    • Each unit has its own HVAC and FPL meter; shared water meter.
    • Ample gated and off‑street parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2310979
    Latitude
    25.8180999

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    FAQs

    What type of property is this?
    Multifamily property - Spacious 2-unit duplex with strong rental income.
    Where is this multifamily property located?
    The property is located at 2126 47Th Ter Miami, FL.
    What is the asking price?
    The asking price for this property is $620,000.
    What are key features of this property?
    This property features: Charming 1-story, 1963-built duplex in Miami, FL (33142) at 2126 NW 47th Ter.; Generates $5,000 monthly rental income from two units.; Unit A (furnished, month-to-month, $3,200/month) and Unit B (partially furnished, leased until April 2025, $1,800/month).
    Request Owner's contact information
    2126 47Th Ter Miami, FL 33142
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    Miami, FL 33142
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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
    2126 47Th Ter Miami, FL 33142
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