4 NE 47th St

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4 NE 47th St

Miami, FL 33137
Asking Price
$1.10M
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for purchase in Miami.
  • Property located at 4 NE 47th St in Florida.
  • Asking price for the multifamily asset is $1,099,000.
  • The building is situated within the 33137 zip code.
  • Geographic coordinates are 25.8184 and -80.1954 for the site.

What's Special

Miami serves as a primary hub for international trade and commerce, characterized by a dense, rapidly evolving urban landscape that attracts a diverse tenant base. Situated at 4 NE 47th St within this vibrant market, the property functions as a multifamily apartment building. This asset represents a strategic acquisition for investors seeking to capture residential demand in a central location. The location provides access to key transit corridors and the economic activity inherent to the Florida region. Given the ongoing growth in the local housing sector, this apartment building is well-positioned for long-term hold strategies or repositioning efforts to serve local renters looking for proximity to the core of the city. Its presence in the 33137 zip code places it among a mix of residential and commercial interests, making it suitable for a range of investment portfolios focused on multi-family residential holdings.

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NOI
$80,000
Cap Rate
7.28%
DSCR
1.23
Tight
Cash-on-Cash
4.47%
Monthly Payment
$5,437.252
Annual Cash Flow
$14,752.972

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