1501 NW 42nd St, Miami FL 33142

$ 549,000
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Overview

  • Updated On:
  • April 25, 2025
  • 4 Bedrooms
  • 3 Bathrooms
  • 1,458.00 ft2

Description

Investor Opportunity! Spacious 4-bedroom, 3-bathroom home currently configured as a multi-unit rental property generating strong cash flow. The property consists of three separate units: a 2 bed / 1 bath rented for $2,300, a 1 bed / 1 bath rented for $1,300, and a studio unit (0 bed / 1 bath) rented for $1,000 — for a total monthly income of $4,600. Great potential for long-term investment or future redevelopment. Centrally located in Miami with easy access to major highways, shopping, and dining.

Address: 1501 NW 42nd St, Miami FL 33142
City:
State/County:
Zip: 33142
Country: United States
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Property Id : 14508281
Price: $ 549,000
Property Size: 1,458.00 ft2
Bedrooms: 4
Bathrooms: 3
Community Features: None
Building Name: NORTH MIAMI ESTATES
List Office Name: Fortune Christie's International Real Estate
Bathrooms Full: 3
Bathrooms Half: 0
Bathrooms Total Decimal: 3
Cooling: Central Air
Days On Market: 1
Direction Faces: South
Flooring: Other
Garage Spaces: 1
Heating: Central
On Market Date: 2025-04-23
Listing Id: A11789412
Lot Features: Less Than 1/4 Acre Lot,Regular Lot
Lot Size Units: Square Feet
Year Built Details: Resale
Street Name: 42nd St
Street Number: 1501
Street Number Numeric: 1501
View: None
Water Source: Municipal Water
Other Features
First Floor Entry
Has Cooling System
Has Garage
Has Heating System
Microwave
Open Parking
Other
Refrigerator
$ 2,814.83
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 2,128.58

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Martha Russomanno