$1,250,000
$1,250,000
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37 NW 47th St Miami, FL 33127
6 Beds
3 Baths
1,795 SqFt
Key Details
Sold Price $1,250,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,795 sqft
Price per Sqft $696
Subdivision Shadowlawn Extension Sub
MLS Listing ID A11207454
Sold Date 08/01/22
Style Detached,One Story,Split-Level
Bedrooms 6
Full Baths 3
Construction Status Resale
HOA Y/N No
Year Built 1930
Annual Tax Amount $7,058
Tax Year 2021
Contingent No Contingencies
Lot Size 5,000 Sqft
Property Description
Perfect for an AirBnB investor or end-user! This property features 5 bedrooms and 2 bathrooms in the main house with a separate 1 bedroom and 1 bathroom guest house. The current owner spent $100,000 in upgrades to turn this property into an extremely profitable AirBnB property yielding an 8% to 9% cap rate, or more than $100,000 in net income per year. Upgrades include the following: brand new pool, brand new deck surrounding the pool, artificial turf in the backyard, new landscaping surrounding the entire house, new interior paint and redesign, and more. The AC's were installed in 2017 and the roof is in great condition.
Location
State FL
County Miami-dade County
Community Shadowlawn Extension Sub
Area 31
Interior
Interior Features Bedroom on Main Level, Closet Cabinetry, First Floor Entry, Split Bedrooms
Heating Central
Cooling Central Air
Flooring Wood
Appliance Dryer, Dishwasher, Microwave, Refrigerator, Washer
Exterior
Exterior Feature Deck, Fence, Lighting
Pool Above Ground, In Ground, Pool
Waterfront No
View Y/N No
View None
Roof Type Shingle
Porch Deck
Parking Type Driveway, Paver Block, On Street
Garage No
Building
Lot Description < 1/4 Acre
Faces South
Story 1
Sewer Public Sewer
Water Public
Architectural Style Detached, One Story, Split-Level
Level or Stories Multi/Split
Structure Type Block
Construction Status Resale
Others
Senior Community No
Tax ID 01-31-24-016-0910
Security Features Smoke Detector(s)
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
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Bought with Brown Harris Stevens