1786 -1788 47th Ter ,Commercial for Sale

1786 -1788 47th Ter for Sale

Price $985,000.00

• Lot size 4796
• Year Build 2006
• Waterfront
• Zip 33142
• Style
• Parking Description Free Parking, On Street
• Pool Yes
• Status Active

Description

INVESTMENT/OPPORTUNITY ZONE PROPERTY in the Brownsville area, University of Miami Hospital, the Liberty City and Allapattah areas. 2 buildings, well-appointed, upgraded duplex has 6 bedrooms, over 2071 sft (actually 2233 adjusted for new patio on rear. NEW roof (2018), paint (2024), upgraded fire sprinkler systems ($75000), blinds (2024), upgraded kitchens, laundry room & new patio ($14,500). As cash-flowing Assisted Living Facility producing $200,000/yr, the property has a new generator (2024) $43,000. Metal security gate offers ample security to residents; new bathrooms and kitchen with stainless steel appliances, ample parking while centrally located with access to major highways and nearby schools. ALF has a dedicated caregiver. Current income is from ALF business with 10 residents.

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls=A11598069 The Assisted Living Facility business is for sale separately for $500,000. The ALF makes $200,000 per year, and business sale will be handled separately by the Seller's Attorney - should buyer wish to keep the ALF in place. Buyers can get prequalified by commercial lender: Jason Parris President VIP Home Loans 8615 Commodity Circle Suite 16 Orlando, Fl. 32819 Ph:407-764-2344 Email: j.parris@viphomeloans.net

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

City Location

INVESTMENT/OPPORTUNITY ZONE PROPERTY in the Brownsville area, University of Miami Hospital, the Liberty City and Allapattah areas. 2 buildings, well-appointed, upgraded duplex has 6 bedrooms, over 2071 sft (actually 2233 adjusted for new patio on rear. NEW roof (2018), paint (2024), upgraded fire sprinkler systems ($75000), blinds (2024), upgraded kitchens, laundry room & new patio ($14,500). As cash-flowing Assisted Living Facility producing $200,000/yr, the property has a new generator (2024) $43,000. Metal security gate offers ample security to residents; new bathrooms and kitchen with stainless steel appliances, ample parking while centrally located with access to major highways and nearby schools. ALF has a dedicated caregiver. Current income is from ALF business with 10 residents.

City:Miami,Zoning:5700,List A O R:A-Miami Association of REALTORS,Stories:1,Flooring:1:Tile,Latitude:25.8182611,Cooling Y N:1,Heating Y N:1,List Price:985000,Listing Id:A11598069,Longitude:-80.2260752,Mls Status:Active,Ownership:Self Proprietor/Individual,Year Built:2006,Directions:From 112, turn into 19th Ave then L on 47th Ave,Inclusions:Building & Land, Furniture/Fixtures,Postal Code:33142,Street Name:47th Ter,Coordinates:1:25.8182611,Photos Count:33,Building Name:2,Business Type:1:Residential-Multi-Family,Days On Market:33,Listing Terms:1:Conventional/Refinance,Lot Size Acres:0.11,Lot Size Units:Square Feet,M I A M I R E_ Area:31,On Market Date:2024-05-27,Parcel Number:01-31-22-014-0221,Parking Total:6,Property Type:Commercial Sale,Stories Total:1,Street Number:1786 -1788,Open Parking Y N:1,Public Remarks:INVESTMENT/OPPORTUNITY ZONE PROPERTY in the Brownsville area, University of Miami Hospital, the Liberty City and Allapattah areas. 2 buildings, well-appointed, upgraded duplex has 6 bedrooms, over 2071 sft (actually 2233 adjusted for new patio on rear. NEW roof (2018), paint (2024), upgraded fire sprinkler systems ($75000), blinds (2024), upgraded kitchens, laundry room & new patio ($14,500). As cash-flowing Assisted Living Facility producing $200,000/yr, the property has a new generator (2024) $43,000. Metal security gate offers ample security to residents; new bathrooms and kitchen with stainless steel appliances, ample parking while centrally located with access to major highways and nearby schools. ALF has a dedicated caregiver. Current income is from ALF business with 10 residents.,Approval Status:Approved,County Or Parish:Miami-Dade County,Frontage Length:46,List Office Name:Keller Williams Legacy Realty,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Back On Market,Parking Features:1:On Street,Postal Code Plus4:4071,Property Sub Type:Income/MultiFamily,Special Licenses:1:Occupational Licenses,2:State Licenses,State Or Province:FL,Street Dir Prefix:NW,Tax Annual Amount:7174,Unparsed Address:1786 -1788 NW 47th Ter, Miami FL 33142,Building Features:1:Landscaped,2:Laundry Facilities,3:Light Traffic,4:Lobby,5:Manager On Premises,6:Occupational Licenses,7:Other Licenses,Listing Agreement:Exclusive Right To Sell,Security Features:1:Smoke Detector(s),2:Fire Sprinkler System,3:Security Fence,4:Security Gate,5:Security Lights,6:Security System,Year Built Details:Resale,Building Area Total:2,Building Area Units:Square Feet,Lot Size Square Feet:4796,M I A M I R E_ For Sale Y N:1,Number Of Buildings:2,Original List Price:985000,Public Survey Range:31,Documents Available:1:Financial Statement,2:Investment Analysis,3:Other Available Information,I D X Participation Y N:1,Net Operating Income:200000,Syndication Remarks:INVESTMENT/OPPORTUNITY ZONE PROPERTY in the Brownsville area, University of Miami Hospital, the Liberty City and Allapattah areas. 2 buildings, well-appointed, upgraded duplex has 6 bedrooms, over 2071 sft (actually 2233 adjusted for new patio on rear. NEW roof (2018), paint (2024), upgraded fire sprinkler systems ($75000), blinds (2024), upgraded kitchens, laundry room & new patio ($14,500). As cash-flowing Assisted Living Facility producing $200,000/yr, the property has a new generator (2024) $43,000. Metal security gate offers ample security to residents; new bathrooms and kitchen with stainless steel appliances, ample parking while centrally located with access to major highways and nearby schools. ALF has a dedicated caregiver. Current income is from ALF business with 10 residents.,Listing Contract Date:2024-05-27,Originating System I D:miamire,Public Survey Section:22,Showing Instructions:Appointment Only,Call Listing Agent,Street Number Numeric:1786,Tax 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,Public Survey Township:31,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:ALF business is being sold separately from the property. It makes $200k /yr Business is priced at $.5 Million and will be handled by seller's atty,Contract Status Change Date:2024-05-27,Internet Address Display Y N:1,Number Of Units In Community:2,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,