1 month on rocket

1994 NW 47th Ter, Miami, FL, 33142

$900,000

Home List Price

$10,000*

Closing Credit

0 Baths
2,167 SqFt
$415/SqFt
Multi

Location

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1994 NW 47th Ter, Miami$900,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
Year Built1946
HeatingCentral, Wall Furnace
CoolingCentral Air, Wall/Window Unit(s)
MLS #A11681510
StatusActive

About 1994 NW 47th Ter

Don't miss out on this incredible opportunity to invest in a property with endless possibilities! This unique listing features two detached structures on a 10,000 sqft LOT, providing privacy for each unit. Front unit boasts a 4/3.5 layout, while back unit offers a cozy 2/1 space. Front unit entirely remodeled! If you rent the 4/3.5 as a 1/1+3/1.5, you have a solid 6% cap b/t the three units (1 bed and bath can easily be separated as an efficiency/ in law quarter)! 2/1 can easily be rented around $2300 (current tenant paying $900). Property also qualifies for AIRBNB, so your cap rate could be even higher! Property has the potential to be split into 2 lots allowing for redevelopment and even more value. Separate electrical and water meters for the 4/3.5 and 2/1 units make billing a breeze.

Property Details

Property Features

Property Information:

  • Year Built: 1946
  • Stories: 1
  • Living Area: 2,167 SqFt

Listing Office:

  • Office Name: Keller Williams Eagle Realty
  • Office Phone: (305) 757-1700
  • Listing Agent: Ivan Rabinovich

Interior Features

Interior Information:

  • Flooring Type: Ceramic Tile, Terrazzo

Utilities

Utilities Information:

  • Heating: Central, Wall Furnace
  • Cooling: Central Air, Wall/Window Unit(s)

Price Information

Listing Price Info

Price Summary:

  • List Price: $900,000
  • Price Per SqFt: $415/SqFt

Tax Information:

  • Annual Amount: $5,173
  • Tax Year: 2020
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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

$565.6K

Med. Price/SqFt

$391

Avg. Days On Market

60

# of Sold Homes

595

1994 NW 47th Ter vs Miami

59 DAYS ON ROCKET

-1 Day

$900,000

+$334.3K More

$415/SqFt

+$23 More

KEY TAKEAWAY

This property is $334.3K more than the Median Sold Price and $23/SqFt more than other homes in Miami, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11681510

Listing Office:

  • Office Name: Keller Williams Eagle Realty
  • Office Phone: (305) 757-1700
  • Listing Agent: Ivan Rabinovich

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively 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. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 2:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$5,173$270,048
2018$4,276$174,350
2017$3,762$158,500

History based on county public records data.

Payment Calculator

$4,559

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,765

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NMLS#3030

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-847478
5
/10

  • Kelsey L. Pharr Elementary School

  • 2000 NW 46th St

  • 0.13 miles

  • Public District Grades PK-5

school-card-donut-847479
6
/10

  • Earlington Heights Elementary School

  • 4750 NW 22nd Ave

  • 0.16 miles

  • Public Magnet Grades PK-5

school-card-donut-847480
3
/10

  • Agenoria S. Paschal/Olinda Elementary School

  • 5536 NW 21st Ave

  • 0.55 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 $36,165. The most common annual income of people living in Miami, FL is between $35k-100k. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Miami-Dade County›Miami›33142›1994 NW 47th Ter

This home is located at 1994 NW 47th Ter in Miami, FL and zip code 33142 in the Liberty City neighborhood. This 2,167 square foot home was built in 1946. It has been listed on Rocket Homes since October 23, 2024 and is currently priced at $900,000.

Miami, FL housing market in November 2024 saw over 38 listings sold above listed price, more than 112 sold at listed price and over 445 sold below. In November 2024 in Miami, FL there were 6.7% more homes for sale than in October 2024. In November 2024, listings were on the market for 60 days. During the same period, the median list price in this real estate market was $565,671.

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

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