1786 - 1788 Nw 47th Terrace Miami, FL 33142

Multi-Family (2-4 Units) MLS #: S5105740 Courtesy Of Orlando South LLC

$985,000

2,070 sq ft
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Est. Property Tax: $7,174
Estimated monthly payments: $4,904/mo.* (recalculate)

Property InformationDescription

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.

Features

  • Age: 11-20 Years Old
  • Amenities: Dock, Security System, Security System
  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • Architecture Style: Other
  • Exterior Type: Block
  • Floor Covering: Tile, Tile - Ceramic
  • Heating System: Central Furnace
  • Lot Size: 0.11 Acres

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1786 - 1788 Nw 47th Terrace, Miami, FL 33142
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School Information

1786 - 1788 Nw 47th Terrace, Miami, FL 33142

Elementary School
Grades PK-5 | Public School
KELSEY L. PHARR ELEMENTARY SCHOOL
Miami, FL 33142
2000 NW 46th St
305.­633.0429
Distance: 0.3 mi
School Rating
C+
Student:Teacher Ratio
14:1
Total Students
341
Middle School
Grades 6-8 | Public School
GEORGIA JONES-AYERS MIDDLE SCHOOL
Miami, FL 33142
1331 NW 46th St
305.­634.9787
Distance: 0.5 mi
School Rating
D+
Student:Teacher Ratio
15:1
Total Students
489
High School
Grades 9-12 | Public School
MIAMI NORTHWESTERN SENIOR HIGH SCHOOL
Miami, FL 33150
1100 NW 71st St
305.­836.0991
Distance: 1.6 mi
School Rating
C-
Student:Teacher Ratio
22:1
Total Students
1617
Other Nearby Schools Distance Type Grades School Rating
It's A Small World Elementary School 0.4 mi Private KG-8
Earlington Heights Elementary School 0.4 mi Public PK-5 B-
Miami Jackson Senior High School 0.5 mi Public 9-12 D+
Lenora Braynon Smith Elementary School 0.6 mi Public PK-5 C
Brownsville Middle School 0.6 mi Public 6-8 D+
Agenoria S. Paschal/olinda Elementary School 0.6 mi Public PK-5 D+
Citi Christian Academy 0.7 mi Private 1-8
Hosanna Learning Center 0.7 mi Private PK-5
Gospel Assembly Academy Inc 0.7 mi Private KG-8
Western General Education 0.7 mi Private 9-12
Pace Center For Girls 0.7 mi Public 6-12
Amc Academy 0.8 mi Private KG-11
Orchard Villa Elementary School 0.8 mi Public PK-5 C
Charles R. Drew K-8 Center 0.8 mi Public PK-5 D
Maya Angelou Elementary School 0.9 mi Public PK-5 B
Edc Academy Of Excellence 1.0 mi Private KG-12
Mater International Academy 1.1 mi Public KG-5 C+
Sheye's Of Miami Elementary Inc. 1.2 mi Private KG-5
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

Miami, FL 33142

Median Age: 40.6
Married: 31%
Number of Households: 18,982
Households with Children: 31.2%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home
Copyright © 2024 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.