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    540 142 St North Miami, FL 33161

    For Sale
    $989,000

    North Miami Triplex, Pool, High Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1953-built, one-story triplex in North Miami, Florida (33161), presents a remarkable investment opportunity. Located at 540 NE 142nd St, in a prime multi-family zoned area (3800/MULTI-FAMILY - 22-37 U/A), this property offers significant flexibility. Currently configured as three separate rental units – a main house, a one-bedroom, one-bathroom unit with a private entrance, and a detached pool house – it boasts multiple income streams. Two of the units are currently vacant, ready for immediate rental. The property features a private pool and benefits from one electric and one water meter. There is no HOA. The asking price is $989,000. This property is ideal for investors seeking a multi-family income property, or for those looking for a unique live-in opportunity with potential for rental income. The versatility of this property allows for various uses, including a single-family home with in-law quarters or guest house, or a fully rented multi-family investment. Its location in East North Miami Beach offers excellent potential for strong rental returns and future appreciation. This is a rare opportunity to acquire a well-located, versatile property with immediate income potential.

    Property Features for 540 142 St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1953
    Stories
    1

    HighLights

    • Exceptional 1953‑built, one‑story triplex in North Miami, FL (33161), asking $989,000.
    • Located in a prime multi‑family zoned area (3800/MULTI‑FAMILY - 22‑37 U/A) at 540 NE 142nd St.
    • Features three rental units: main house, one‑bedroom/one‑bathroom unit, and detached pool house; two units currently vacant.
    • Offers a private pool, separate electric and water meters, and no HOA.
    • Ideal multi‑family investment or live‑in opportunity with strong rental potential and future appreciation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    North Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1880478
    Latitude
    25.9055219

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    FAQs

    What type of property is this?
    Multifamily property - North Miami Triplex, Pool, High Potential
    Where is this multifamily property located?
    The property is located at 540 142 St North Miami, FL.
    What is the asking price?
    The asking price for this property is $989,000.
    What are key features of this property?
    This property features: Exceptional 1953-built, one-story triplex in North Miami, FL (33161), asking $989,000.; Located in a prime multi-family zoned area (3800/MULTI-FAMILY - 22-37 U/A) at 540 NE 142nd St.; Features three rental units: main house, one-bedroom/one-bathroom unit, and detached pool house; two units currently vacant.
    Request Owner's contact information
    540 142 St North Miami, FL 33161
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    North Miami, FL 33161
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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
    540 142 St North Miami, FL 33161
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