Interior
- Bathrooms
- 0
- Living area
- 1,620 sq ft
- Flooring
- Tile
- Cooling
- Other
- Heating
- Electric
Active · Duplex
$1,000,000
242 NE 55th Ter, Miami, FL 33137
- Beds
- —
- Baths
- 0
- Living area
- 1,620 sq ft
- $ / sq ft
- $617/sq ft
- Year built
- 1953
- Lot size
- —
- HOA fee
- —
- Annual tax
- $6,815
About this property
Discover a fantastic investment in this well-maintained multifamily property situated in a thriving neighborhood in an opportunity zone. This property boasts multiple spacious units, each featuring modern finishes, ample natural light, ensuring convenience for both tenants and owners. With a strong rental history and low vacancy rates, it’s an ideal addition to any portfolio. Enjoy the benefits of being in a desirable area with close proximity to local amenities, parks, public transport, restaurant, schools and much more!!!Duplex operating as a fourplex.
Property location
Get Directions242 NE 55th Ter, Miami, FL 33137
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Facts & features
Exterior & Structure
- Property type
- Duplex
- Year built
- 1953
- Roof
- Shingle
- Construction
- CBSConcrete Block Structure, Block
- Exterior features
- Fence, Lighting
- Pool
- None
Parking
- Covered spaces
- 0
HOA, Community & Financials
- Annual tax
- $6,815
- Subdivision
- DIXIE HIGHWAY TRACK
- County
- Miami-Dade
- Days on market
- 691
- MLS listing ID
- A11674866
- Listing status
- Active
Virtual tour
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Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
-$792
- Cap rate
- 4.7%
- Net yield
- 4.7%
- Cash-on-cash return
- -3.4%
- Gross yield
- 6.8%
- Mortgage payment
- $4,741/mo
- Down payment
- $250,000
- Loan amount
- $750,000
- Annual NOI
- $47,378
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.