About 7100 Nw 1st Terrace
Located near 72nd Avenue and Flagler Street in the heart of Miami, this exceptional income-producing duplex is currently operating as a successful Assisted Living Facility (ALF) and offers immediate cash flow with strong long-term investment potential. The property is leased for the next two years, with a renewable option available (Copy of lease attached). Situated on a spacious 10,000+ SF corner lot with canal frontage, the property features more than 3,500 SF of living space and includes 8 bedrooms and 4 bathrooms. Designed for assisted living operations, the home offers a large kitchen, expansive living areas, and a dedicated recreation space for residents. The property carries a RETIREMENT HOME / HEALTH CARE land use designation, making it ideal for continued ALF operations. It is fully equipped with AHCA-compliant bathrooms, updated fire safety systems, and licenses currently up to code. One of the property’s standout features is its exceptional privacy, with no neighbors on three sides, creating a quiet and peaceful environment for both residents and operators. Washer and dryer units are leased. Excellent opportunity for investors or operators seeking a turnkey assisted living facility in a prime Miami location. Call for additional information and details – By appointment only – Please DO NOT DISTRUB TENANTS.
Features of 7100 Nw 1st Terrace
| MLS® # | A12020549 |
|---|---|
| Price | $899,999 |
| Square Footage | 3,531 |
| Year Built | 1964 |
| Type | Multi-Family |
| Sub-Type | Duplex |
| Status | Pending |
Community Information
| Address | 7100 Nw 1st Terrace |
|---|---|
| Area | 2400 |
| Subdivision | LANGER SUB |
| City | Miami |
| County | Miami-Dade |
| State | FL |
| Zip Code | 33126 |
| HOPA | No Hopa |
Amenities
| Utilities | Cable Available |
|---|---|
| Is Waterfront | Yes |
| Waterfront | Other,Creek Front,Canal Front |
| Has Pool | No |
Interior
| Heating | Central, Electric, Separate Meters |
|---|---|
| Cooling | Central Air, Electric |
| # of Stories | 1 |
Exterior
| Roof | Shingle |
|---|---|
| Construction | CBS |
School Information
| Elementary | Flagami |
|---|---|
| Middle | West Miami |
| High | South Miami |
Additional Information
| Zoning | 5700 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Douglas Elliman |
|---|