57 42nd St ,Attached, Triplex, Buena Vista Heights Addn for Sale

57 42nd St for Sale

Price $1,200,000.00

• Lot size 1497
• Year Build 1924
• Waterfront
• Zip 33127
• Style Attached
• Parking Description
• Pool Yes
• Status Pending

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 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!

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls=A11667075 seller motivated, is looking to change her portafolio. house is renovated inside, subdivided as a triplex. 1 unit is on a one year lease that expires october 2025, and the other two are on month to month leases.

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

Less Than 1/4 Acre Lot

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 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!

City:Miami,Zoning:0104,Cooling:1:Central Air,2:Other,Heating:1:Electric,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2023,Latitude:25.8152618,Cooling Y N:1,Heating Y N:1,List Price:1200000,Listing Id:A11667075,Longitude:-80.1967764,Mls Status:Pending,Year Built:1924,Living Area:1305,Postal Code:33127,Street Name:42nd St,Coordinates:1:25.8152618,Photos Count:23,Building Name:BUENA VISTA HEIGHTS ADDN,Days On Market:101,Listing Terms:1:Conventional,2:VA Loan,Lot Size Units:Square Feet,M I A M I R E_ Area:31,M L S Area Major:Buena Vista Heights Addn,On Market Date:2024-09-27,Parcel Number:01-31-24-020-1120,Parking Total:4,Property Type:Residential Income,Rent Includes:1:Gardener,2:Pest Control,3:Trash Collection,Stories Total:1,Street Number:57,M I A M I R E_ Style:Triplex,Public Remarks: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 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!,County Or Parish:Miami-Dade County,List Office Name:Reaction Realty Group, Inc.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:2856,Property Sub Type:Triplex,State Or Province:FL,Street Dir Prefix:NW,Subdivision Name:BUENA VISTA HEIGHTS ADDN,Tax Annual Amount:10897,Unparsed Address:57 NW 42nd St, Miami FL 33127,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:1497,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:919.5402,Original List Price:1300000,Previous List Price:1300000,Public Survey Range:31,I D X Participation Y N:1,Syndication Remarks: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 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!,Listing Contract Date:2024-09-27,Originating System I D:miamire,Public Survey Section:24,Showing Instructions:Call Listing Agent,Showing Assist,Street Number Numeric:57,Tax Legal Description: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,Green Energy Efficient:1:Water Heater,Public Survey Township:31,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Adjusted Area S F:1341,M I A M I R E_ Internet Remarks:This beautiful triplex generates an impressive $65,000 annually in rental income, SITTING ON 14000 THOUSAND SQFT,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2024-09-27,Internet Address Display Y N:1,Number Of Units In Community:3,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:919.54,