57 Northwest 42nd Street
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: 14,000 SQFT of land offers incredible flexibility. Versatile Potential: Maintain as a rental or explore new construction opportunities. Prime Location: Situated...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!
- Listed by Aniel Lugo Vasquez • Reaction Realty Group, Inc.
Property Details for 57 Northwest 42nd Street
Property Details for 57 Northwest 42nd Street
| Status | Active |
|---|---|
| MLS # | A11667075 |
| Days on Market | 60 |
| Taxes | $10,897 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family Income / Triplex |
| Year Built | 1924 |
| Lot Size | - |
| County | Miami-Dade County |
Building Information for 57 Northwest 42nd Street
Property Information for 57 Northwest 42nd Street
- Parcel Number Free Text: 01-31-24-020-1120
- Parcel Number MLX: 1120
- MLS Area: 31
- Municipal Code: 1
- Township Range: 31
- Section: 24
- Subdivision Number: 20
- Subdivision Complex Bldg: BUENA VISTA HEIGHTS ADDN
- Unit Count: 3
- Zoning Information: 0104
- Num Parking Spaces: 4
- Property Type Information: Attached
- Lot Description: Less Than 1/4 Acre Lot
- Pool: No
- Construction: CBS Construction
- Construction Type: CBS Construction
- Roof Description: Shingle Roof
- Flooring: Laminate Floors, Porcelain Flooring
- Floor Description: Laminate Floors, Porcelain Flooring
- Virtual Tour: https://www.propertypanorama.com/instaview/mia/A11667075
- Heating Description: Central Heat, Electric Heat
- Cooling Description: Ceiling Fans, Central Cooling, Other
- Sewer Description: Municipal Sewer
- Separate Meter: No
- Cable Available: Yes
- Guest Accommodations: No
- Rent Includes: Cable Tv, Lawn Care, Pest Control, Trash Removal
- Green Energy Efficient: Appliances, Water Heater
- Type of Association: None
- Flood Zone: X
- Tax Year: 2023
- Tax Information: Tax Reflects No Homestead Tax
- Special Information: As Is
- Information Available: Deposit - Security
Property History for 57 Northwest 42nd Street
| Date | Event & Source | Price | Appreciation |
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| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 57 Northwest 42nd Street
Schools near 57 Northwest 42nd Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | PK to 8 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Eneida M. Hartner Elementary School PublicPK to 5 | ||
Air Base K-8 Center for International Education PublicPK to 8 | ||
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.
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Listing Courtesy of Reaction Realty Group, Inc.
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.
