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98 NW 47th Ave 98 NW 47th Ave 5 Unit Apartment Building $1,050,000 ($210,000/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 | $1,050,000 | Apartment Style | Low-Rise |
| Price Per Unit | $210,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| No. Units | 5 | Building Size | 5,437 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1953 |
| Zoning | MF - Multi-family | ||
| Price | $1,050,000 |
| Price Per Unit | $210,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 5,437 SF |
| No. Stories | 1 |
| Year Built | 1953 |
| Zoning | MF - Multi-family |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Grill
Site Amenities
- 24 Hour Access
- Trash Pickup - Curbside
- Public Transportation
- Walk-Up
- Smoke Detector
1 1
Walk Score®
Very Walkable (70)
Property Taxes
| Parcel Number | 01-4106-036-0430 | Improvements Assessment | $203,000 |
| Land Assessment | $375,000 | Total Assessment | $578,000 |
Property Taxes
Parcel Number
01-4106-036-0430
Land Assessment
$375,000
Improvements Assessment
$203,000
Total Assessment
$578,000
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98 NW 47th Ave | 98 NW 47th Ave
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