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INVESTMENT / OPPORTUNITY ZONE PROPERTY IN MIAMI near the Brownsville area, University of Miami Hospital, the Liberty City neighborhood and Allapattah areas. The 2 buildings, 2 well-appointed, upgraded duplexes boasts a total of 6 bedrooms sprawled over 2071 sft (actually 2233 adjusted sqft due to the installed patio on the side and rear of the building). It has a new roof (2018) cost $18500, new paint (2024), new upgraded fire sprinkler systems (worth $75000), new blinds (2024), upgraded kitchens, laundry room and new patio (permit $14500). Currently running as a good income-generating Assisted Living Facility producing $200,000 per year, the property has been fitted a new generator (2024) worth $43,000. The metal security gate offers ample security to residents; it has renovated bathrooms and kitchen with stainless steel appliances, and ample parking for a property centrally located with access to major highways and nearby schools. As an ALF facility, residents find a new lease on life where every more vulnerable senior can live comfortably under the loving watch of a dedicated caregiver. The current income is from the Assisted Living Facility business with residents. What makes this unique and rare is the Opportunity Zone. ALF is zoned for 14 residents, 1 room is currently available to receive 2 more residents.PROPERTY FEATURES
Utilities :
Electricity Available
Water Access :
0
Sewer :
Private Sewer
Road Surface Type :
Concrete
Zoning :
5700
PROPERTY DETAILS
Street Address: 47TH TERRACE
City: Miami
State: Florida
Postal Code: 33142
County: Miami-Dade
MLS Number: S5105740
Courtesy of KELLER WILLIAMS LEGACY REALTY
City: Miami
State: Florida
Postal Code: 33142
County: Miami-Dade
MLS Number: S5105740
Courtesy of KELLER WILLIAMS LEGACY REALTY
Courtesy of Douglas Elliman
