8 months on rocket

127 NW 47th Ter, Miami, FL, 33127

$1,690,000

Home List Price

$10,000*

Closing Credit

0 Baths
3,976 SqFt
$425/SqFt
Multi
Schools Nearby

Location

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127 NW 47th Ter, Miami$1,690,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1926
HeatingCentral, Electric
CoolingCentral Air, Electric
WaterfrontNone
MLS #RX-10911891
StatusActive

About 127 NW 47th Ter

Great Investment opportunity with stable rent growth and cash flow. Located in close proximity to the Design District, Wynwood, and downtown Miami. In total the property consists of 6 individual units with a total of 11 bedrooms and 6 bathrooms. Included is 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 and an average monthly rent of $2,200. Laundry is on premiss. This property offers an opportunity to increase cash flow even further, through small improvements according to fair market value.

Property Details

Property Features

Property Information:

  • Year Built: 1926
  • Stories: 2
  • Living Area: 3,976 SqFt

Listing Office:

  • Office Name: Douglas Elliman
  • Office Phone: (561) 245-2635
  • Listing Agent: Tinka Ellington

Interior Features

Interior Information:

  • Flooring Type: Vinyl Floor

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: None
  • Exterior: Open Porch

Virtual/3D Tour

  • Virtual Tour: 127 NW 47th Ter

Virtual Tour

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Electric

School Info

Assigned Schools Information:

  • Miami Edison Senior High School, Public Magnet Grades 9-12
  • Jose De Diego Middle School, Public District Grades 6-8
  • Shadowlawn Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: use GPS pls

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,690,000
  • Price Per SqFt: $425/SqFt

Tax Information:

  • Annual Amount: $8,087
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Miami, FL.

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Miami, FL

City

Med. Sold Price

$540K

Med. Price/SqFt

$380

Avg. Days On Market

59

# of Sold Homes

883

127 NW 47th Ter vs Miami

256 DAYS ON ROCKET

+197 Days

$1,690,000

+$1.1M More

$425/SqFt

+$45 More

KEY TAKEAWAY

This property is $1.1M more than the Median Sold Price and $45/SqFt more than other homes in Miami, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #RX-10911891

Listing Office:

  • Office Name: Douglas Elliman
  • Office Phone: (561) 245-2635
  • Listing Agent: Tinka Ellington

IDXAll listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.

This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/27/2024, 3:25:17 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 29, 2012Home Sold
$95,000
Aug 02, 2004Home Sold
$285,000
Jun 05, 2001Home Sold
$185,000
Jul 21, 2000Home Sold
$126,000

Tax History

YEARPROP. TAXASSESSMENT
2020$8,087$363,485
2018$6,845$231,918
2017$6,851$334,414

History based on county public records data.

Payment Calculator

$8,502

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,133

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1352629
6
/10

  • Shadowlawn Elementary School

  • 149 NW 49th St

  • 0.13 miles

  • Public District Grades PK-5

Middle School

school-card-donut-1352630
1
/10

  • Jose De Diego Middle School

  • 3100 NW 5th Ave

  • 1.00 miles

  • Public District Grades 6-8

High School

school-card-donut-1352631
2
/10

  • Miami Edison Senior High School

  • 6161 NW 5th Ct

  • 0.94 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $27,923. Typical income of Miami, FL residents is less than $35k annually. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Miami-Dade County›Miami›33127›127 NW 47th Ter

This home is located at 127 NW 47th Ter in Miami, FL and zip code 33127 in the Shadow Lawn neighborhood. This 3,976 square foot home was built in 1926. It has been listed on Rocket Homes since August 15, 2023 and is currently priced at $1,690,000.

In March 2024 more than 115 listings in Miami, FL were sold above the asking price. During the same period more than 149 listings were sold at asking price, while more than 619 were sold below. In March 2024 in Miami, FL there were 9.1% more homes for sale than in February 2024. In March 2024 median list price was $540,091 and the average listing age was 59 days.

From Rocket Homes Real Estate and based on county public records data.

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