= Required Field.

Already a Member?

Email Address:

Password:

Re-Enter Password:

First Name:

Last Name:

Country:

Zip/Postal Code:

Ext.

Day Phone:

Yes, I want to receive LoopNet's weekly newsletter "LoopNews" and information about LoopNet promotions and special offers.

No Thanks.

By clicking the button above, you are indicating that you have read, understood, and agree to LoopNet's Terms and Conditions.

We will NOT share your email address.
View Our Privacy Policy.

Welcome to LoopNet! Check out the listing below or search over 725,000 other listings.

Select a Property Type

You may enter a US or Canadian location in the following formats:

Zip Code
City, State
State

For additional search options, go to Advanced Search Advanced Search Advanced Search.

e.g. Los Angeles, CA or 91016

Advanced Search

Browse More Listings in Multifamily For Sale, Miami, FL or Florida

Multifamily Property For Sale

MULTIFAMILY IN DESIGN DISTRICT-20974

45 NE 42 STREET, Miami, FL 33137

Price:
$600,000
No. Units:
5
Building Size:
4,254 SF
Price/Unit:
$120,000
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Additional Sub-types:
Multifamily (land)
Residential (land)
Special Purpose (Other)
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
5.51%
No. Stories:
2
Year Built:
1925
Lot Size:
4,791 SF
Find Out More...

Last Verified 10/26/2009 Listing ID 16409000

Highlights

GREAT LOCATION
POSSIBLE OWNER FINANCING
DESIGN DISTRICT

HISTORICAL BUILDINGS

Description

Location!! Location!! Location!! 2 Historic Multifamily buildings on highly desirable Design District. 5 units multifamily being run as 7 units. Entire area being revitalized. Several projects in progress in neighboring midtown. Must See! Great opportunity. Possible owner financing available!

Design District location. Minutes from highways, schools, beaches, shopping, restaurants, entertainment and much more. Family oriented neighborhood.

Financial Summary

Debt & Equity Information

Proforma
Scheduled Gross Income
$96,000
Operating Expenses
$30,195
Net Operating Income
$65,805

Map of 45 NE 42 STREET, Miami, FL 33137 (Miami-Dade County)

Hide Map

Contact Listing Broker to find out more details.

Presented by

Capital Commercial Real Estate Group, Inc.

Request additional information

Contact Listing Broker

Randy North (954) 483-0909

Track changes to this property: Watch This Property
Share this listing: Send to Friend; Link to This Listing

Link
Copy the link above and share via email or IM.; Embed This on Your Web Site; Share on Facebook; Share on LinkedIn; Share on Twitter
Additional Options: Print Listing; View Map; Demographics; Research Price; Get Financing

Created 9/25/2009

Additional Information for 45 Ne 42nd Street, Miami, FL 33137

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

Comparable Properties for 45 NE 42 STREET, Miami, FL 33137

Nearby Multifamily properties for saleSearch all commercial real estate for sale

Red Carpet Inn
N/A
32 Units
Biscayne and 27
$4,800,000
N/A
245 NE 33 ST
$900,000
15 Units
183 NE 50 St.
$3,300,000
15 Units

Nearby Recently Sold Multifamily propertiesSearch all recently sold commercial real estate

Duplex/Triplex
/Fourplex
Sold 4Q 2004
Duplex/Triplex
/Fourplex
Sold 2Q 2004
Duplex/Triplex
/Fourplex
Sold 4Q 2004
Garden/Low-Rise
Sold 2Q 2004
Garden/Low-Rise
Sold 2Q 2005

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

Embed this Listing on Your Website

Multifamily Property For Sale - MULTIFAMILY IN DESIGN DISTRICT-20974

45 NE 42 STREET, Miami, FL, 33137