5 months on rocket

1786-1788 NW 47th Ter, Miami, FL, 33142

$985,000

Home List Price

$10,000*

Closing Credit

0 Baths
2,070 SqFt
$476/SqFt
Multi

Location

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1786-1788 NW 47th Ter, Miami$985,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
Year Built2006
HeatingCentral
CoolingCentral Air
MLS #S5105740
Lot Size0.11 Acres
StatusActive

About 1786-1788 NW 47th Ter

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.

Property Details

Property Features

Property Information:

  • Year Built: 2006
  • Living Area: 2,070 SqFt

Listing Office:

  • Office Name: KELLER WILLIAMS LEGACY REALTY
  • Office Phone: (407) 855-2222
  • Listing Agent: Hazel Heyer

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • Flooring Type: Ceramic Tile
  • Interior: Built-in Features, Eat-in Kitchen, Living Room/Dining Room Combo, Window Treatments

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Lighting, Sidewalk

Virtual/3D Tour

  • Virtual Tour: 1786-1788 NW 47th Ter
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Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From 112, turn into 19th Ave then L on 47th Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $985,000
  • Price Per SqFt: $476/SqFt
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Housing Market Comparison

See how this home compares to others in Miami, FL.

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Miami, FL

City

Med. Sold Price

$560.4K

Med. Price/SqFt

$389

Avg. Days On Market

60

# of Sold Homes

698

1786-1788 NW 47th Ter vs Miami

172 DAYS ON ROCKET

+112 Days

$985,000

+$424.5K More

$476/SqFt

+$86 More

KEY TAKEAWAY

This property is $424.5K more than the Median Sold Price and $86/SqFt more than other homes in Miami, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #S5105740

Listing Office:

  • Office Name: KELLER WILLIAMS LEGACY REALTY
  • Office Phone: (407) 855-2222
  • Listing Agent: Hazel Heyer

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 4:20:09 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$4,984

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,020

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-497659
9
/10

  • Downtown Doral Charter Elementary School

  • 8390 NW 53rd St

  • 0.30 miles

  • Public Charter Grades KG-5

school-card-donut-497660
10
/10

  • Doral Academy

  • 2450 NW 97th Ave

  • 1.97 miles

  • Public Charter Grades KG-5

school-card-donut-497661
7
/10

  • John I. Smith K-8 Center

  • 10415 NW 52nd St

  • 2.07 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $54,247. Most Miami, FL residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Miami-Dade County›Miami›33142›1786-1788 NW 47th Ter

This home is located at 1786-1788 NW 47th Ter in Miami, FL and zip code 33142 in the Doral Area neighborhood. This 2,070 square foot home, which was built in 2006, sits on a 0.11 acre lot. It has been listed on Rocket Homes since May 28, 2024 and is currently priced at $985,000.

While more than 62 listings in Miami, FL in October 2024 were sold above asking price, there were more than 129 listings sold at asking price, and more than 507 were sold below. In October 2024 in Miami, FL there were 8.3% more homes for sale than in September 2024. Listings spent 60 days on the market in October 2024, and had a median list price of $560,436 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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