Commercial Listing

For Sale

98 NW 47th Ave

98 NW 47th Ave, Miami, FL 33126
$1,100,000

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.

Highlights:
• Potential for Short-term Rentals
• 2.4 Miles from Miami International Airport
• Minutes from SR 836 Expressway connecting you to Downtown, Brickell, Wynwood

Property type
Multifamily
Building size
1,818 SF GBA
Lot size
0.1148 acres
Year built
1953
Floors
1
Zoning
T4-L
Cap rate
6.35%
NOI
$69,840