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1501 NW 42nd St, Miami, Florida 33142

Active For Sale
$549,000
  • Beds 4
  • Baths 3
  • Sq Ft 1,458 Sqft
  • Visits: 6 in 22 days

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.

Features

  • Swimming Pool: No
  • Heating System: Central
  • Cooling System: Central Air
  • Patio: Open, Porch
  • Parking: On Street

Appliances

  • Appliances: Microwave, Refrigerator

Address Map

  • Country: US
  • State: FL
  • County: Miami-Dade
  • City: Miami
  • Subdivision: NORTH MIAMI ESTATES
  • Zipcode: 33142
  • Street: 42nd St
  • Street Number: 1501
  • Floor Number: 0
  • Longitude: W81° 50' 13.9''
  • Latitude: N26° 10' 48.2''
  • Street Dir Prefix: NW
  • MLS Area: 31

MLS Addon

  • Architectural Style: Detached, One Story
  • Association Fee: $0
  • Close Price: $0
  • Exterior Features: Porch
  • Flooring: Other
  • Garage Spaces: 1
  • Insurance Expense: $0
  • Interior Features: Bedroom On Main Level, First Floor Entry
  • Listing Terms: Cash, Conventional, Va Loan
  • Lot Features: < 1/4 Acre, Rectangular Lot
  • New Taxes Expense: $0
  • Stories: 1
  • Tax Annual Amount: $7,742
  • Tax Year: 2024

Location

Listing Updated: 2025-04-24 18:35:15

  • Property Type : Single Family
  • Property Sub Type : Single Family Residence
  • Listing Type : For Sale
  • Listing ID : A11789412
  • Price : $549,000
  • View : None
  • Bedrooms : 4
  • Bathrooms : 3
  • Full Bathrooms : 3
  • Half Bathrooms : 0
  • Square Footage : 1,458 Sqft
  • Year Built : 1940
  • Lot Area : 0 Acre
  • Listing Status : Active
  • Days On Market : 21
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