18 42Nd StMiami, FL 33137

This exceptional investment opportunity presents a meticulously maintained, three-unit multifamily property located at 18 NE 42nd St, Miami, FL 33137, in the desirable Miami Design District. The property, built in 1924 and renovated five years ago, boasts a total of 2,760 square feet and is classified as Class A. The portfolio comprises a main house and a separate cottage, each offering a unique living experience. The main house features a welcoming living room, generously sized bedrooms and bathrooms, and potential for flexible office space. The charming cottage provides a private 1-bedroom, 1-bathroom retreat with its own living room and kitchen, ideal for guests or additional rental income. This turnkey investment is priced at $1,750,000, representing $583,333 per unit and $634.06 per square foot. The property is offered as a 1031 exchange opportunity, making it an attractive option for investors seeking tax advantages. The property's prime location offers easy access to the vibrant Miami Design District, providing residents with a wealth of amenities and cultural experiences. This is a rare opportunity to acquire a high-quality, income-producing multifamily property in a sought-after Miami location. The property is partially furnished. The two-story building presents a unique blend of Spanish-style architecture and modern luxury.