Home » Miami » 242 NE 55th Ter, Miami, FL 33137 | A11674866

Duplex For Sale 242 NE 55th Ter, Miami, FL 33137

$1,240,000
Price has decreased by $60,000

Property Highlights

Listing ID A11674866 Status of this Listing: Active For Sale Property Type Residential Income (Multifamily 2-4) Duplex Living Space 1,620 Sqft/150.50 m2 approx. Building Area 1,732 Sqft/160.91 m2 approx. Year Built 1953 Time of this property on Rebonus 102 Day(s)

242 NE 55th Ter, Miami, FL 33137

Property Description: 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!!!

Useful Info

Previous Asking Price:$1,250,000
Original List Price:$1,300,000
If Bank REO, Short Sale, As Is, etc.:
  • Listed As-is

Lease Details

Rent Includes:
  • Sewer
  • Trash Collection

Land Lot (Parcel) Details

Lot Features:
  • < 1/4 Acre
Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Levels:One
Construction Materials:
  • Block
Flooring:
  • Tile
Stories:1

Property Features

Waterfront:No
Exterior Features:
  • Fence
  • Lighting
Roof:
  • Shingle
Window Features:
  • Blinds
Air Conditioning System:
  • Other
Heating:Yes
Heating System:
  • Electric

Taxes and Expenses

Tax Annual Amount:$5,994

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2023
Property Tax Status:Tax Reflects City & County Tax,Tax Reflects No Exemptions

Terms

Listing Terms Considered by Seller:
  • Cash
  • Conventional
Occupant Type:
  • Tenant
Buyer Possession:
  • Closing & Funding
Lease Considered:No

Community

Subdivision Name:DIXIE HIGHWAY TRACK
Senior Community:No

Parking

Parking Total Spaces:4
Covered Spaces:0

Utilities

Sewer:
  • Public Sewer
Utilities Available:
  • Cable Available
Water Source:
  • Public

More Details

Other Information:
Tax InformationTax Reflects City & County Tax,Tax Reflects No Exemptions
Flood ZoneX
Type of AssociationNone
StyleDuplex
FEMA Flood Zone DesignationsX
Municipal Code1
Ref1090619912
Subdivision Number65
Water Access Description:None

Zoning and Legal

Tax Legal Description:DIXIE HIGHWAY TR PB 5-24 LOT 7 BLK 6 LOT SIZE 50.00 X 95 COC 22644-1737 08 2004 5
Real Estate Folio Number (Parcel Number):01-31-13-065-0720
Zoning Description:5700
Public Survey Township:1
Public Survey Range:31
Public Survey Section:13

Listing History

Update/EventDate/Days
Published Date:October 25, 2024 12:18 pm
On Market Date:October 25, 2024
Price Change Date Time:February 3, 2025 5:56 pm
Last Important Update Description:Price Change
Date and Time of Last Important Update:February 3, 2025 5:56 pm
Status Last Changed:October 25, 2024 12:18 pm
Photos Last Modified:October 25, 2024 4:32 pm
Last Modified:February 3, 2025 10:57 pm
Days on the Market Reference Date:February 3, 2025
Days on the Market (updated on Last Modified*):101
Cumulative Days on the Market (updated on Last Modified**):101

Additional Information

Lot Size Range:Less Than 1/4 Acre Lot
Number of Photos:22
Location:,,Less Than 1/4 Acre Lot
Included:,,
Area:31
Automated Valuation Display:Yes
Courtesy of:Green Lands Realty
Universal Property Id:US-12025-N-0131130650720-R-N

Location

Show Property Address:Yes
Street Name:55th Ter
Street Number:242
Street Direction Prefix:NE
Street Address:242 NE 55th Ter
City : Miami
State : Florida
Zip Code : 33137
County : Miami-Dade
Full Address:242 NE 55th Ter, Miami, FL 33137
Latitude:N25° 49' 35.4''
Longitude:W81° 48' 32.6''

Neighborhood

Postal City:Miami

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