1786 – 1788 NW 47TH TERRACE, Miami, FL 33142

  • $985,000
1786 - 1788 NW 47TH TERRACE, Miami, FL 33142
Expired Completed

1786 – 1788 NW 47TH TERRACE, Miami, FL 33142

1786 - 1788 NW 47TH TERRACE, Miami, FL 33142
  • $985,000

Overview

Property ID: S5105717
  • Multi-Family, Commercial Sale
  • Property Type
  • 2561
  • Sqft
  • 2006
  • Year Built

Description

INVESTMENT / OPPORTUNITY ZONE PROPERTY FOR SALE IN MIAMI near the Brownsville area, University of Miami Hospital, the Liberty City neighborhood and Allapattah areas. The 2 buildings, 2 well-appointed, upgraded duplexes boasts a total of 6 bedrooms sprawled over 2071 sft (actually 2233 adjusted sqft due to the installed patio on the side and rear of the building). It has a new roof (2018), new paint (2024), new upgraded fire sprinkler systems ($75000), new blinds (2024), upgraded kitchens, laundry room and new patio (permit $14,500). Currently running as a good income-generating Assisted Living Facility producing $200,000 per year, the property has been fitted a new generator (2024) worth $43,000. The metal security gate offers ample security to residents; it has renovated bathrooms and kitchen with stainless steel appliances, and ample parking for a property centrally located with access to major highways and nearby schools. As an ALF facility, residents find a new lease on life where every more vulnerable senior can live comfortably under the loving watch of a dedicated caregiver.The ALF makes $200,000 per year, and business sale will be handled separately by the Seller’s Attorney – should buyer wish to keep the ALF in place. Traffic Count almost 114k CPD in its well travelled roadway. ALF is zoned for 14 residents, 1 room is currently available to receive 2 more residents for an approx. additional $6000 income.

  • Address 1786 - 1788 NW 47TH TERRACE
  • City Miami
  • State/county FL
  • Zip/Postal Code 33142
  • Area 17TH AVE MANOR
  • Country US

Details

Updated on December 26, 2024 at 5:15 am
  • Property ID: S5105717
  • Price: $985,000
  • Property Size: 2561 Sqft
  • Land Area: 0.11 Acres
  • Garage Size: x x
  • Year Built: 2006
  • Property Type: Multi-Family, Commercial Sale
  • Property Status: Expired
  • MLS#: S5105717

Additional details

  • Listing Terms: Cash,Conventional
  • Utilities: Electricity Available,Emergency Power,Private,Water Connected
  • Sewer: Private Sewer
  • Cooling: Central Air
  • Flooring: Ceramic Tile
  • County: Miami-Dade
  • Property Type: Commercial Sale
  • Community Features: Sidewalks

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