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    242 55Th Ter Miami, FL 33137

    For Sale
    $1,250,000

    Four-unit apartment building, strong rental history.

    Property size:
    1,732 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 1953-built, single-story apartment building presents a compelling investment opportunity in Miami, Florida. Located at 242 NE 55th Ter, Miami, FL 33137, this 1,732 square foot property comprises four units, making it an ideal addition to any portfolio. The property benefits from its location in a thriving neighborhood within an opportunity zone, offering convenient access to local amenities, parks, public transportation, restaurants, and schools. Each of the four units is spacious, featuring modern finishes and abundant natural light, ensuring tenant satisfaction and ease of management. The building's strong rental history and low vacancy rates demonstrate its consistent profitability. The asking price for this well-maintained multifamily property is $1,250,000. This is a rare opportunity to acquire a stable, income-generating asset in a desirable Miami location. Don't miss out on this chance to capitalize on the robust Miami real estate market.

    Property Features for 242 55Th Ter

    General Information

    Property type
    Multifamily properties
    Square Feet
    1,732 SF

    Building Details

    Year Built
    1953
    Stories
    1
    Units
    4

    HighLights

    • Exceptional 1953‑built, single‑story apartment building in Miami, FL.
    • 1,732 square foot property with four units.
    • Located at 242 NE 55th Ter, Miami, FL 33137, in a thriving neighborhood within an opportunity zone.
    • Spacious units with modern finishes and abundant natural light.
    • Strong rental history and low vacancy rates, offering consistent profitability.
    • Asking price: $1,250,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Food Market Clothing Store Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1909314
    Latitude
    25.8265099

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit apartment building, strong rental history.
    Where is this multifamily property located?
    The property is located at 242 55Th Ter Miami, FL.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: Exceptional 1953-built, single-story apartment building in Miami, FL.; 1,732 square foot property with four units.; Located at 242 NE 55th Ter, Miami, FL 33137, in a thriving neighborhood within an opportunity zone.
    Request Owner's contact information
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    Miami, FL 33137
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    242 55Th Ter Miami, FL 33137
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