57 NW 42nd St Active Save Request In-Person Tour Request Virtual Tour
Miami,FL 33127
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
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
Roof Type Shingle
Building
Lot Description < 1/4 Acre
Story 1
Sewer Public Sewer
Structure Type Block
Others
Acceptable Financing Cash,Conventional,Other,VA Loan
Listing Terms Cash,Conventional,Other,VA Loan
Special Listing Condition Listed As-Is