17841 NW 47th Ct
Miami Gardens, FL 33055
Coming Soon
The property currently operates at an estimated 10% in-place capitalization rate, with a pro forma capitalization rate projected at approximately 11% based on market-rate rental optimization.
The property occupies an expansive 14,434-square-foot lot (approximately 0.33 acres), providing exceptional outdoor space and substantial dedicated off-street parking.
The property has undergone substantial remodeling, including updated electrical systems, modernized plumbing, contemporary interior finishes, and washer and dryer installations serving two unit setups.
The structure features a total of 6 bedrooms and 4 full bathrooms distributed across 1,600 square feet of configured interior living space.
Due to the oversized 14,434-square-foot lot configuration, the property offers abundant private off-street parking capable of comfortably accommodating multiple tenant vehicles.
The property provides rapid vehicular access to the Palmetto Expressway (SR 826), Florida's Turnpike, and Interstate 95, facilitating seamless travel across Miami-Dade and Broward counties.
Yes, dedicated washer and dryer appliances are installed and functional in two of the property's unit configurations.
Residents have convenient access to Carol Mart Park, the Bunche Park Athletics Complex, and the Betty T. Ferguson Recreational Complex for outdoor recreation, swimming, and fitness activities.
Buyers and their agents are advised to independently review and verify all property details, including permitted configurations, rental registries, operating ledgers, and zoning designations directly with Miami Gardens municipal authorities.
The home is located just minutes from key retail along NW 27th Avenue and NW 183rd Street, and is a short drive from Hard Rock Stadium, home to world-class sports and entertainment.
Seize an outstanding acquisition opportunity in the thriving South Florida real estate market with this fully modernized multi-unit property located at 17841 NW 47th Ct, Miami Gardens, FL 33055. Thoughtfully redesigned to optimize rental performance and tenant retention, the residence encompasses 6 bedrooms and 4 bathrooms within 1,600 square feet of upgraded living area, established on a remarkable 14,434-square-foot private lot.
The property is operating at an estimated 10% in-place CAP rate, with clear upside reaching a projected 11% pro forma CAP rate. Featuring multiple independent living arrangements supported by established tenancies, this turnkey asset provides continuous income generation from closing day onward, making it an ideal core holding for balance-sheet expansion.
Substantial capital expenditures have been completed to minimize ongoing operating expenses and deferred maintenance. Notable enhancements include fully modernized electrical panels, updated plumbing infrastructure, stylishly remodeled kitchens and bathrooms, durable flooring, and separate in-unit washer and dryer appliances serving two setups. Each private space has been curated for functional comfort and long-term utility.
The exterior grounds are a distinct competitive asset, providing an unusually deep parcel that easily accommodates multi-vehicle off-street parking. This extensive land size presents significant utility and provides substantial future value retention compared to standard residential lot parcels in northern Miami-Dade County.
Strategically positioned near major transit arteries including the Palmetto Expressway (SR 826), Florida's Turnpike, and Interstate 95, residents enjoy seamless connectivity to regional employment hubs across Miami and Fort Lauderdale. Prospective purchasers and their representatives are encouraged to verify all structural layouts, permitted uses, operating ledgers, zoning compliance, and local municipal regulations directly.
This property is located at 17841 NW 47th Ct, Miami Gardens, FL 33055