98 NW 47th Ave - Apartments FOR SALE


Miami, FL 33126- Flagami
$1,100,000 USD
305-972-4884
98 NW 47th Ave, Miami, FL for Sale
$1,100,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

98 NW 47th Ave
Miami, FL 33126
Flagami


HIGHLIGHTS

  • 2.4 Miles from Miami International Airport
  • Potential for short-term rentals
  • Private patio for each unit
  • Minutes from SR 836

OVERVIEW

eXp Commercial is pleased to present 98 NW 47th Ave, a 5-unit apartment building in Miami's Flagami neighborhood. Built in 1953, the property is centrally located, providing easy access to major employers and attractions. Being minutes away from the airport is a significant advantage for both frequent travelers and weekend visitors. The T4-L zoning designation is particularly advantageous for investors, as it allows for short-term rental operations. This flexibility enables investors to capitalize on Miami's thriving tourism industry, potentially increasing rental income. With its manageable size, this 5-unit complex, consisting of studios, allows for hands-on management and presents opportunities for value-add improvements to enhance rental income and property value. Ideal for those seeking an entry-level multifamily investment or looking to expand their portfolio, this property presents a unique opportunity in one of Miami's strongest real estate markets.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$605 USD /SF

# OF UNITS

5

PRICE/UNIT

$220,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

98 NW 47th Ave

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,009 SF

ZONING

3901

APN/PARCEL ID

01-4106-036-0430

ASK ABOUT THIS PROPERTY

Daniel GarciaeXp CommercialMore Info
305-972-4884

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Daniel GarciaeXp CommercialMore Info
305-972-4884

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.