242 Northeast 55th Terrace

Miami, FL 33137

$1,250,000
Price
Beds
Baths
1,620 Sq. Ft.
$772 / Sq. Ft.
1,620
Sq. Ft.
$772
per Sq. Ft.

Description

Discover a fantastic investment in this well-maintained multifamily property situated in a thriving neighborhood in an opportunity zone. This property boasts multiple spacious units, each featuring modern finishes, ample natural light, ensuring convenience for both tenants and owners. With a strong rental history and low vacancy rates, it’s an ideal addition to any portfolio. Enjoy the benefits of being in a desirable area with close proximity to local amenities, parks, public transport, restaurant,...Discover a fantastic investment in this well-maintained multifamily property situated in a thriving neighborhood in an opportunity zone. This property boasts multiple spacious units, each featuring modern finishes, ample natural light, ensuring convenience for both tenants and owners. With a strong rental history and low vacancy rates, it’s an ideal addition to any portfolio. Enjoy the benefits of being in a desirable area with close proximity to local amenities, parks, public transport, restaurant, schools and much more!
  1. Listed by Silvia Garaza • Green Lands Realty

Property Details for 242 Northeast 55th Terrace

Subdivision
DIXIE HIGHWAY TRACK
Style
Duplex
Waterfront
No
Area
31
Auction
No
Total Units
4
Num Stories
1
Sq Ft Total
1732
LISTING UPDATED: 11/12/2024 12:01 PM

Property Details for 242 Northeast 55th Terrace

StatusActive
MLS #A11674866
Days on Market97
Taxes$5,994 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family Income / Duplex
Year Built1953
Lot Size-
CountyMiami-Dade County

Building Information for 242 Northeast 55th Terrace

Stories-Residences4Year Built1953Building Size-Lot Size-

Property Information for 242 Northeast 55th Terrace

Location Information
Location Information
  • Parcel Number Free Text: 01-31-13-065-0720
  • Parcel Number MLX: 0720
  • MLS Area: 31
  • Municipal Code: 1
  • Township Range: 31
  • Section: 13
  • Subdivision Number: 65
  • Subdivision Complex Bldg: DIXIE HIGHWAY TRACK
  • Unit Count: 4
  • Zoning Information: 5700
General Information
Parking
  • Num Parking Spaces: 4
General Information
  • Property Type Information: Attached
  • Lot Description: Less Than 1/4 Acre Lot
Additional Property Information
Utilities
  • Heating Description: Electric Heat
  • Cooling Description: Other
  • Water Description: Municipal Water
  • Sewer Description: Municipal Sewer
  • Separate Meter: No
  • Cable Available: Yes
Additional Property Information
  • Guest Accommodations: No
  • Rent Includes: Sewer, Trash Removal
  • Windows Treatment: Blinds/Shades
  • Exterior Features: Exterior Lights, Fence
Financial Information
Financial Information
  • Type of Association: None
  • Flood Zone: X
  • Tax Year: 2023
  • Tax Information: Tax Reflects City & County Tax, Tax Reflects No Exemptions
  • Special Information: As Is
  • Information Available: Deposit - Security

Property History for 242 Northeast 55th Terrace

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 242 Northeast 55th Terrace

Taxable ValueLand$164,000Additions$132,588Total$296,588
Tax Record2023$5,994 ($499 / month)
Home Facts
Total Finished SqFt1,620 SqFtAbove Grade Finished SqFt1,620 SqFtStories1Lot Size4,750 SqFtStyleDuplexYear Built1953Year Renovated2018Zoning5700:DUPLEXESCountyMIAMI-DADEAPN01-3113-065-0720

Schools near 242 Northeast 55th Terrace

This home is within Miami-Dade County Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Toussaint L'Ouverture Elementary
PublicPK to 5

Jose De Diego Middle School
Public6 to 8

Robert Morgan Voc-Tech Institute
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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242 Northeast 55th Terrace is a multi-family home for sale in Miami, FL 33137. This property was listed for sale on October 25, 2024 by Green Lands Realty, it's currently listed at $1,250,000. It has been on the market for a total of 97 days and was last sold on August 8, 2011. This listing's school district is Miami-Dade County Public Schools. Nearby schools include Toussaint L'Ouverture Elementary, Air Base K-8 Center for International Education and Jose De Diego Middle School. 242 Northeast 55th Terrace is a 0-bed, 0-bath, 1,620 sqft multi-family home built in 1953.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Green Lands Realty

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.