1786 - 1788 NW 47TH TER Active Save Request In-Person Tour Request Virtual Tour
Miami,FL 33142
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,070 sqft
Price per Sqft $475
Subdivision 17Th Ave Manor
MLS Listing ID S5105740
Year Built 2006
Annual Tax Amount $7,174
Lot Size 4,791 Sqft
Property Description
INVESTMENT / OPPORTUNITY ZONE PROPERTY 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) cost $18500, new paint (2024), new upgraded fire sprinkler systems (worth $75000), new blinds (2024), upgraded kitchens, laundry room and new patio (permit $14500). 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 current income is from the Assisted Living Facility business with residents. What makes this unique and rare is the Opportunity Zone. ALF is zoned for 14 residents, 1 room is currently available to receive 2 more residents.
Location
State FL
County Miami-dade
Community 17Th Ave Manor
Zoning 5700
Rooms
Other Rooms Formal Living Room Separate
Interior
Heating Central
Cooling Central Air
Flooring Ceramic Tile
Laundry Laundry Room
Exterior
Exterior Feature Lighting,Sidewalk
Community Features Sidewalks
Utilities Available Electricity Available,Emergency Power,Private,Water Connected
Roof Type Shingle
Building
Foundation Block
Sewer Private Sewer
Water Private
Structure Type Block
New Construction false
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None