Basic Information

  • MLS # A11789412
  • Type Single Family Home
  • Subdivision/Complex North Miami Estates
  • Year Built 1940
  • Total Sqft 5,000
  • Date Listed 04/23/2025
  • Days on Market 16
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.

Exterior Features

  • Waterfront No
  • Parking Spaces 1
  • Pool No
  • Parking Description On Street
  • Exterior Features Porch

Interior Features

  • Adjusted Sqft 1,458Sq.Ft
  • Interior Features Bedroom On Main Level, First Floor Entry
  • Sqft 1,458 Sq.Ft

Property Features

  • Aprox. Lot Size 5,000
  • Furnished Info No
  • Lot Description Rectangular Lot, Less Than Quarter Acre
  • Short Sale Regular Sale
  • HOA Fees N/A
  • Subdivision Complex
  • Subdivision Info North Miami Estates
  • Tax Amount $7,742
  • Tax Year 2024

1501 NW 42nd St

Miami, FL 33142

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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Fortune Christie's International Real Estate. tel: 305-400-6393

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