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$1,690,000

Beds
Unknown
sq ft
4,120

127 NW 47th Ter, Miami, FL 33127

127 NW 47th Ter

Miami, FL 33127

  • 21 days on market
Great Investment opportunity with stable rent growth and cash flow. Located in close proximity to the Design District, Wynwood, and downtown Miami. The property has a new roof and consists of 6 individual units with a total of 11 bedrooms and 6 bathrooms. Included a one story single family home which was subdivided into a 2 bedrooms, 1 bath apartment and an additional 1 bedroom, 1 bath apartment. Two separate 2 -story buildings in the back of the property consist of another 4 apartments, each having 2 bedrooms and 1 full bath. All units are secured with current tenants. Laundry is on premise. This property offers an opportunity to further increase cash flow through small improvements according to fair market value.

Details

Property type

Lot size

6,000 sq ft

Price per sq ft

$411

Year built

1926

Annual property taxes

$13,304

Price History

02/10/2025
Beaches

Beaches #R11061048

Listed
$1,690,000
08/15/2024
Beaches

Beaches #R10911891

Removed
$1,690,000
08/15/2023
Beaches

Beaches #R10911891

Listed
$1,690,000

Schools & Community

Neighborhood: 

Little Haiti

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Scott Goldstein

Loan start date

September 2023

Original loan amount

$400,000

Est. remaining balance

Not provided

Interest rate

6.9%

Loan type

Stand Alone Second

Seller

N K N Investments Llc

Lender

Scott Goldstein

Loan start date

September 2023

Original loan amount

$400,000

Est. remaining balance

Not provided

Interest rate

6.9%

Loan type

Stand Alone Second

Seller

N K N Investments Llc

Lender

Citadel Servicing Corporation

Loan start date

June 2019

Original loan amount

$647,500

Est. remaining balance

Not provided

Interest rate

4.2%

Loan type

Building or Construction Loan, 30 year

Seller

N K N Investments Llc

Lender

Citadel Servicing Corporation

Loan start date

June 2019

Original loan amount

$647,500

Est. remaining balance

Not provided

Interest rate

4.2%

Loan type

Building or Construction Loan, 30 year

Seller

N K N Investments Llc

Lender

Fennario Investments Llc

Loan start date

March 2014

Original loan amount

$100,000

Est. remaining balance

Not provided

Interest rate

4.23%

Loan type

Commercial

Seller

N K N Investments Llc

Lender

Fennario Investments Llc

Loan start date

March 2014

Original loan amount

$100,000

Est. remaining balance

Not provided

Interest rate

4.23%

Loan type

Commercial

Seller

N K N Investments Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/04/2025 at 12:45 AM

Listing updated: 02/28/2025 at 11:45 AM

Listed by: Tinka Ellington, Douglas Elliman Phone #: (561) 245-2635

MLS: Beaches #R11061048

Beaches logo

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