57 NW 42nd St Miami, FL 33127
UPDATED:
02/16/2025 08:03 PM
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Pending
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
Contingent Other
Property Sub-Type Triplex
Property Description
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 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
Roof Type Shingle
Total Parking Spaces 4
Private Pool No
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
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11667075