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98 NW 47th Ave

47th Ave | 5 Unit

Listing Contacts

Active

Asking Price: $1,100,000
Address 

98 NW 47th Ave, Miami, FL 33126

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Date Added
Apr 14, 2025
Days on Market
62 days
Time Since Last Update
9 days

Details

Property TypeMultifamily
SubtypeApartment Building
Investment TypeValue Add
ClassC
Occupancy100%
Units5
Year Built1953
Lot Size (sq ft)5,000
APN01-4106-036-0430
Price/Unit$220,000
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Marketing Description

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.​

Investment Highlights

Potential for Short-term Rentals

Private Patio for each unit

2.4 Miles from Miami International Airport

Minutes from SR 836 Expressway connecting you to Downtown, Brickell, Wynwood

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Due Diligence

Due diligence information will be provided.
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Contact

Listing Contacts


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Additional Information
Broker Name
Daniel Garcia
Broker License
FL SL3414557
Brokerage Name
eXp Commercial
Broker Title
Senior Advisor
Brokerage Address
10752 Deerwood Park Boulevard, Jacksonville, United States 32256
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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