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98 NW 47th Ave 98 NW 47th Ave 5 Unit Apartment Building £822,041 (£164,408/Unit) Miami, FL 33126
INVESTMENT HIGHLIGHTS
- 2.4 Miles from Miami International Airport
- Private patio for each unit
- Potential for short-term rentals
- Minutes from SR 836
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
| Price | £822,041 | Apartment Style | Low-Rise |
| Price Per Unit | £164,408 | Costar Property Class | C |
| Sale Type | Investment | Total Plot Size | 0.12 ac |
| No. Units | 5 | Property Size | 5,437 sq ft |
| Property Type | Build-to-Rent | No. Floors | 1 |
| Property Subtype | Apartment | Year Built | 1953 |
| Use Class | 3901 | ||
| Price | £822,041 |
| Price Per Unit | £164,408 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.12 ac |
| Property Size | 5,437 sq ft |
| No. Floors | 1 |
| Year Built | 1953 |
| Use Class | 3901 |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
- Grill
SITE AMENITIES
- 24 Hour Access
- Rubbish Collection - Kerbside
- Public Transportation
- Walk-Up
- Smoke Detector
1 1
Walk Score®
Easily Walkable (70)
PROPERTY TAXES
| Parcel Number | 01-4106-036-0430 | Improvements Assessment | £151,704 |
| Land Assessment | £280,241 | Total Assessment | £431,945 |
PROPERTY TAXES
Parcel Number
01-4106-036-0430
Land Assessment
£280,241
Improvements Assessment
£151,704
Total Assessment
£431,945
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98 NW 47th Ave | 98 NW 47th Ave
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