Current Use by Public Records
- Isalis / (Bike/Boat/Book/etc) Store
- Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
- Skunk Funk / Big Box & Wholesale Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store
Property Details for 540 142Nd St
- Year built
- 1953
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- North Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.188
- Latitude
- 25.9055
