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1786 - 1788 47th Terrace, MIAMI, FL 33142
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1786 - 1788 47th Terrace
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Priced at Only: $985,000
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Address: 1786 - 1788 47th Terrace, MIAMI, FL 33142
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  • MLS#: S5105740 ( Residential Income )
  • Street Address: 1786 - 1788 47th Terrace
  • Viewed: 3
  • Price: $985,000
  • Price sqft: $385
  • Waterfront: No
  • Year Built: 2006
  • Bldg sqft: 2561
  • Days On Market: 210
  • Additional Information
  • Geolocation: 25.8183 / -80.2261
  • County: MIAMI DADE
  • City: MIAMI
  • Zipcode: 33142
  • Subdivision: 17th Ave Manor
  • Provided by: KELLER WILLIAMS LEGACY REALTY
  • Contact: Hazel Heyer
  • 407-855-2222
  • mfrmls
  • DMCA Notice
  • 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.
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  •   Principal & Interest -
  •   Property Tax $
  •   Home Insurance $
  •   HOA Fees $
  •   Mortgage Insurance-
  •   Monthly -
Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Lighting, Sidewalk
  • Flooring: Ceramic Tile
  • Living Area: 2070.00
  • Roof: Shingle
Property Information
  • Property Condition: Completed
Garage and Parking
  • Garage Spaces: 0.00
Eco-Communities
  • Water Source: Private
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Heating: Central
  • Pets Allowed: No
  • Sewer: Private Sewer
  • Utilities: Electricity Available, Emergency Power, Private, Water Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Net Operating Income: 0.00
  • Tax Year: 2023
Other Features
  • Accessibility Features: Accessible Approach with Ramp, Accessible Bedroom, Accessible Full Bath, Visitor Bathroom, Accessible Hallway(s), Accessible Kitchen, Accessible Central Living Area, Central Living Area
  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • Association Name: NA
  • Country: US
  • Interior Features: Built-in Features, Eat-in Kitchen, Living Room/Dining Room Combo, Window Treatments
  • Legal Description: 17TH AVE MANOR PB 18-43 LOT 2 BLK 2 LOT SIZE 44.000 X 109 OR 15562-3499 0592 4 COC 24933-4889 09 2006 1
  • Levels: One
  • Area Major: 33142 - Miami
  • Parcel Number: 01-3122-014-0221
  • Zoning Code: 5700
Nearby Subdivisions
17th Ave Manor   Allapattah Manors Sub