242 55Th Ter Miami, FL 33137
- Small apartment buildings
- 1,732 SF
Current Use by Public Records
- Small apartment buildings
Property Details for 242 55Th Ter
- Year built
- 1953
- Property size
- 1,732 SF
- Property type
- Small apartment buildings
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.1909314
- Latitude
- 25.8265099
