Basic Information

  • MLS # A11667075
  • Type Duplex / Quad Plex / Triplex
  • Status Active
  • Subdivision/Complex Buena Vista Heights Addn
  • Year Built 1924
  • Total Sqft 1,305
  • Date Listed 09/27/2024
  • Days on Market 86
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!

Exterior Features

  • Waterfront No
  • Pool No
  • Construction Type Block
  • Parking Spaces 0
  • Parking Description
  • Roof Description Shingle

Interior Features

  • Adjusted Sqft 1,305
  • Cooling Description Central Air, Ceiling Fans, Other
  • Floor Description Laminate
  • Heating Description Central, Electric
  • Sqft 1,305

Property Features

  • Address 57 N W42nd St
  • Aprox. Lot Size 1,497
  • City Miami
  • Construction Materials Block
  • County Miami-Dade
  • Furnished Info No
  • Levels One
  • Listing Terms Cash, Conventional, Other, Va Loan
  • Lot Description Less Than Quarter Acre
  • Lot Features Less Than Quarter Acre
  • Occupant Type CallAgent
  • Pool Features None
  • Possession Close Of Escrow
  • Postal City Miami
  • Public Survey Section One
  • Public Survey Township 1
  • Roof Shingle
  • Sewer Description Public Sewer
  • Short Sale Regular Sale
  • Stories 1
  • HOA Fees N/A
  • Subdivision Complex
  • Subdivision Info Buena Vista Heights Addn
  • Tax Amount $10,897
  • Tax Information 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
  • Tax Year 2023
  • Terms Considered Cash, Conventional, Other, Va Loan
  • Type of Property Triplex
  • Year Built Details Resale

57 NW 42nd St

Miami, FL 33127

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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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. Listing courtesy of: Reaction Realty Group, Inc.. tel: 954-967-6767

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