Active
57 NW 42nd St
Miami FL, 33127
$1,200,000
$919.54 per sqft
Active
1,305 sqft
Multi-family
Built in 1924
Investment Opportunity in Design District
Discover a prime investment opportunity generating $65,000 in annual rental income with a 5% CAP rate. Located in the heart of the Miami Design District (MDD), this property is surrounded by multimillion-dollar developments, positioning it perfectly in a rapidly growing area.
Key Features:
Large Parcel: 14,000 SQFT of land offers incredible flexibility.
Versatile Potential: Maintain as a rental or explore new construction opportunities.
Prime Location: Situated in a safe, vibrant community that's becoming a top destination.
This property is not just a rental; it's your chance to invest in a thriving, evolving neighborhood. Don't miss this exceptional opportunity!
A11667075
MLSⓇ ID
September 27, 2024
Listed
December 10, 2024
Updated
Map
57 NW 42nd St
Miami FL, 33127
Interior Features
Total Stories
1
Fireplace
No
Cooling
Yes
Cooling Description
Ceiling Fan(s), Central Air, Other
Heating
Yes
Heating Description
Central, Electric
Exterior/Building Features
Lot Features
Less Than 1/4 Acre Lot
Architectual Style
Attached
Roof
Shingle
Sewer
Public Sewer
Other Property Details
Area Name
Buena Vista Heights Addn
Taxes
$10,897
Tax Frequency
Annually
Days on Market
74
Garage
No
Parking Total
4
View
No
County
Miami-Dade County
Pool
No
Zoning
0104
Listing History
Date | Event | Price |
|---|---|---|
11/6/2024 | Price change | $1,200,000 -8% |
Listed by: Reaction Realty Group, Inc.
Listing Contact: 954-549-8406
Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated 7:19 PM UTC, 12/10/2024.