1737-1739 47Th Ter Miami, FL 33142
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 1737-1739 47Th Ter
- Year built
- 1957
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
This exceptional Miami duplex, located at 1737-1739 NW 47th Ter, presents a compelling investment opportunity in the thriving Miami real estate market. Built in 1957, this one-story property consists of two distinct rental units. Unit #1 boasts 2 bedrooms and 1 bathroom, encompassing 800 square feet and currently generating a monthly rental income of $1,650. Unit #2 offers 1 bedroom and 1 bathroom within 675 square feet, commanding a monthly rent of $1,500. The property is situated in Miami-Dade County, Florida, with a convenient 33142 zip code. This duplex is Section 8 approved, offering additional potential for stable and consistent rental income. The asking price for this property is $555,000, representing a strong potential return on investment in a dynamic and desirable location. The property's single-story design and established rental history make it an attractive option for both seasoned investors and those new to the real estate market. This is a rare chance to acquire a well-performing multifamily property in a prime Miami location. The property's strong rental income and Section 8 approval contribute to its overall appeal and investment potential.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.2252
- Latitude
- 25.8188