Price Reduced 7.69%

$1,200,000 ($919.54 per sqft)

Est. Mortgage $6,227/mo *

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Price History

$1,300,000
9/27/2024

$1,200,000
11/6/2024

$1,300,000
11/7/2024

$1,200,000
11/8/2024

57 NW 42nd St, Miami, FL, 33127

57 NW 42nd St, Miami, FL, 33127
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1924

1,305 sqft

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!

Status:

Active

Type:

Multi-family

Zoning:

0104

Subdivision:

BUENA VISTA HEIGHTS ADDN

Heating:

Central, Electric

Cooling:

Central Air, Ceiling Fan(s), Other

Energy Features:

Appliances, Water Heater

Parking:

4-car

Est. Taxes:

$10,897

Construction

Block

Utilities

Cable Available

Lot Description:

< 1/4 Acre

Days on Market:

40

Pool:

None

MLS #:

A11667075

Community Info

School Info

Walk Score

Yelp

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Listing courtesy of Reaction Realty Group, Inc. Phone: 954-967-6767