1 month on rocket

57 NW 42nd St, Miami, FL, 33127

$1,200,000

Home List Price

$10,000*

Closing Credit

0 Baths
1,305 SqFt
$920/SqFt
Multi

Location

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57 NW 42nd St, Miami$1,200,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
Year Built1924
HeatingCentral, Electric
CoolingCentral Air, Ceiling Fan(s), Other
MLS #A11667075
StatusActive

About 57 NW 42nd St

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!

Property Details

Property Features

Property Information:

  • Year Built: 1924
  • Stories: 1
  • Living Area: 1,305 SqFt

Listing Office:

  • Office Name: Reaction Realty Group, Inc.
  • Office Phone: (954) 967-6767
  • Listing Agent: Aniel Lugo Vasquez

Interior Features

Interior Information:

  • Flooring Type: Laminate

Virtual/3D Tour

  • Virtual Tour: 57 NW 42nd St
Virtual Tour

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Ceiling Fan(s), Other

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,200,000
  • Price Per SqFt: $920/SqFt

Tax Information:

  • Annual Amount: $1,383
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Miami, FL.

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Miami, FL

City

Med. Sold Price

$560.4K

Med. Price/SqFt

$389

Avg. Days On Market

60

# of Sold Homes

698

57 NW 42nd St vs Miami

57 DAYS ON ROCKET

-3 Days

$1,200,000

+$639.5K More

$920/SqFt

+$530 More

KEY TAKEAWAY

This property is $639.5K more than the Median Sold Price and $530/SqFt more than other homes in Miami, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11667075

Listing Office:

  • Office Name: Reaction Realty Group, Inc.
  • Office Phone: (954) 967-6767
  • Listing Agent: Aniel Lugo Vasquez

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/23/2024, 6:20:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$1,383$88,730
2018$5,489$85,119
2017$5,468$83,369

History based on county public records data.

Payment Calculator

$6,057

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,664

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-946092
7
/10

  • Shadowlawn Elementary School

  • 149 NW 49th St

  • 0.41 miles

  • Public District Grades PK-5

school-card-donut-946093
4
/10

  • Eneida Massas Hartner Elementary School

  • 401 NW 29th St

  • 0.84 miles

  • Public District Grades PK-5

school-card-donut-946094
7
/10

  • Toussaint L'Ouverture Elementary School

  • 120 NE 59th St

  • 0.99 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $33,864. The majority of Miami, FL residents have income less than $35k annually. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Miami-Dade County›Miami›33127›57 NW 42nd St

This home is located at 57 NW 42nd St in Miami, FL and zip code 33127 in the Buena Vista neighborhood. This 1,305 square foot home was built in 1924. It has been listed on Rocket Homes since September 27, 2024 and is currently priced at $1,200,000.

In October 2024, from all listings sold in Miami, FL there were more than 62 sold above asking price, over 507 sold below and more than 129 were sold right at the asked price. The number of listings in Miami, FL increased by 8.3% between September 2024 and October 2024. Listings spent 60 days on the market in October 2024, and had a median list price of $560,436 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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