Basic Information

  • MLS # A11789412
  • Type Single Family Home
  • Status Active
  • Subdivision/Complex North Miami Estates
  • Year Built 1940
  • Total Sqft 5,000
  • Date Listed 04/23/2025
  • Days on Market 6
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
  • View None
  • Construction Type Block
  • Design Description Detached, One Story
  • Parking Description On Street
  • Exterior Features Porch
  • Roof Description Shingle

Interior Features

  • Adjusted Sqft 1,458Sq.Ft
  • Cooling Description Central Air
  • Equipment Appliances Microwave, Refrigerator
  • Floor Description Other
  • Heating Description Central
  • Interior Features Bedroom On Main Level, First Floor Entry
  • Sqft 1,458 Sq.Ft

Property Features

  • Address 1501 N W42nd St
  • Aprox. Lot Size 5,000
  • Architectural Style Detached, One Story
  • City Miami
  • Construction Materials Block
  • County Miami- Dade
  • Covered Spaces 1
  • Direction Faces South
  • Furnished Info No
  • Garage 1
  • Listing Terms Cash, Conventional, Va Loan
  • Lot Description Rectangular Lot, Less Than Quarter Acre
  • Lot Features Rectangular Lot, Less Than Quarter Acre
  • Occupant Type Tenant
  • Parking Features On Street
  • Patio And Porch Features Open, Porch
  • Pool Features None
  • Possession Other
  • Postal City Miami
  • Public Survey Township 1
  • Roof Shingle
  • Sewer Description Public Sewer
  • Short Sale Regular Sale
  • Stories 1
  • HOA Fees N/A
  • Subdivision Complex
  • Subdivision Info North Miami Estates
  • Tax Amount $7,742
  • Tax Information N O R T H M I A M I E S T A T E S P B5-48 L O T12 B L K26 L O T S I Z E50.000 X100 C O C26123-02121220073
  • Tax Year 2024
  • Terms Considered Cash, Conventional, Va Loan
  • Type of Property Single Family Residence
  • View None

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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