Miami, FL 33127,57 NW 42nd St
Miami, FL 33127,57 NW 42nd St
Miami, FL 33127,57 NW 42nd St
Miami, FL 33127,57 NW 42nd St
Miami, FL 33127,57 NW 42nd St
Miami, FL 33127,57 NW 42nd St
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$ 1,200,000
Est. payment | /mo

1,305 SqFt


$ 1,200,000
Est. payment | /mo

1,305 SqFt

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,305 sqft

Price per Sqft $919

Subdivision Buena Vista Heights Addn

MLS Listing ID A11667075

Construction Status Resale

HOA Y/N No

Year Built 1924

Annual Tax Amount $10,897

Tax Year 2023

Property 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!

Location

State FL

County Miami-dade

Community Buena Vista Heights Addn

Area 31

Interior

Heating Central, Electric

Cooling Central Air, Ceiling Fan(s), Other

Flooring Laminate

Exterior

Pool None

Utilities Available Cable Available

Waterfront No

Roof Type Shingle

Total Parking Spaces 4

Building

Lot Description < 1/4 Acre

Story 1

Sewer Public Sewer

Level or Stories One

Structure Type Block

Construction Status Resale

Others

Tax ID 01-31-24-020-1120

Acceptable Financing Cash, Conventional, Other, VA Loan

Listing Terms Cash, Conventional, Other, VA Loan

Special Listing Condition Listed As-Is

Listed by Reaction Realty Group, Inc.

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57 NW 42nd St