18 42Nd StMiami, FL 33137

Property Details for 18 42Nd St

Year built

1924

Property size (Sq ft)

2,760 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Miami

County

Miami-Dade

State

Florida

Latitude

25.8146

Longitude

-80.195

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