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57 NW 42nd St, Miami FL 33127,Miami,Miami-Dade County,Residential Income

$1,300,000

Residential Income Active

57 NW 42nd St, Miami FL 33127

WhatsApp Pinterest Facebook Twitter Linkedin Email

Residential Income Active

57 NW 42nd St, Miami FL 33127,Miami,Miami-Dade County,Residential Income

57 NW 42nd St, Miami FL 33127

$1,300,000

Overview

Triplex
Property Type

1305
Square Feet

1924
Year Built

Description

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!

Address

Open on Google Maps

Address 42nd St
City Miami
State/county Miami-Dade County
Zip/Postal Code 33127
Area BUENA VISTA HEIGHTS ADDN

Details

Updated on October 11, 2024 at 8:18 pm

Property ID: A11667075
Price: $1,300,000
Property Size: 1305 Square Feet
Year Built: 1924
Property Type: Triplex
Property Status: Residential Income

Additional details

StreetDirPrefix: NW
PublicSurveyRange: 31
ShowingInstructions: Call Listing Agent,Showing Assist
ListAgentKey: e846da6c8f0562c23485303ddb44f3c4
TaxLegalDescription: PB 3-22 BUENA VISTA HGTS ADD AMD PL LOT 8 BLK 6 LOT SIZE 50.000 X 144 OR 19890-3913 05 2001 4 COC 25107-0033 11 2006 5
OnMarketDate: 2024-09-27
ListAgentEmail: [email protected]
ContractStatusChangeDate: 2024-09-27
MajorChangeTimestamp: 2024-09-27T15:39:17.220Z
PhotosCount: 23
Cooling: Ceiling Fan(s),Central Air,Other
StatusChangeTimestamp: 2024-09-27T15:39:17.220Z
MIAMIRE_TypeofAssociation: None
BuildingName: BUENA VISTA HEIGHTS ADDN
MIAMIRE_AdjustedAreaSF: 1341
PriceChangeTimestamp: 2024-09-27T14:54:25.237Z
ListingKeyNumeric: 401452412
MajorChangeType: New
ListingContractDate: 2024-09-27
Zoning: 0104
ListAOR: A-Miami Association of REALTORS
MLSAreaMajor: Buena Vista Heights Addn
TaxAnnualAmount: 10897
ListOfficeName: Reaction Realty Group, Inc.
MIAMIRE_RATIO_CurrentPrice_By_SQFT: 996.17
OriginatingSystemKey: miamire
PhotosChangeTimestamp: 2024-09-27T15:42:26.581Z
OriginatingSystemName: Miami Association of REALTORS®
ListOfficePhone: 954-967-6767
MlsStatus: Active
StreetNumber: 57
ListingKey: 126618fbd3882e3252d13558cbbe03f4
StateOrProvince: FL
ShowingContactType: Agent
ListOfficeKey: 820f1064f17b8827c79876979976844f
BridgeModificationTimestamp: 2024-10-11T17:57:10.245Z
ListAgentFullName: Aniel Lugo Vasquez
Roof: Shingle
ParkingTotal: 4
ListAgentOfficePhone: 954-967-6767
Stories: 1
ParcelNumber: 01-31-24-020-1120
ListingTerms: All Cash,Conventional,VA Loan
YearBuiltDetails: Resale
OtherExpense: 0
IDXParticipationYN: 1
InternetAddressDisplayYN: 1
ListAgentMlsId: 3326688
StoriesTotal: 1
ModificationTimestamp: 2024-10-11T17:55:50.120Z
OriginatingSystemID: miamire
DaysOnMarket: 14
ListOfficeMlsId: KHAN01
ListAgentDirectPhone: 954-549-8406
StreetNumberNumeric: 57
PostalCodePlus4: 2856
NumberOfUnitsInCommunity: 3
Sewer: Public Sewer
SyndicationRemarks: 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!
Heating: Central,Electric
MIAMIRE_LPAmtSqFt: 996.1686
StructureType: Triplex
ListAgentStateLicense: 3326688
PublicSurveyTownship: 31
StreetName: 42nd St
ListOfficeFax: 954-241-6814
ListingAgreement: Exclusive Right To Sell
PublicSurveySection: 24
OriginalListPrice: 1300000
GreenEnergyEfficient: Appliances,Water Heater
BuildingAreaUnits: Square Feet
RentIncludes: Cable TV,Gardener,Pest Control,Trash Collection
InternetEntireListingDisplayYN: 1
TaxYear: 2023
OriginalEntryTimestamp: 2024-09-27T15:39:17.220Z
SourceSystemKey: 401452412
LotFeatures: Less Than 1/4 Acre Lot
DocumentsAvailable: Deposit - Security
ConstructionMaterials: CBS Construction
MIAMIRE_Style: Triplex
LotSizeSquareFeet: 0
ArchitecturalStyle: Attached
BuildingAreaTotal: 1497