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For sale by owner
  • $1,300,000

    541 NE 142nd St, North Miami, FL 33161

    5beds
    1,900sqft
    : 
    Apartment
    Built in 1947
    -- sqft lot
    $662,700 Zestimate®
    $684/sqft
    $-- HOA

    What's special

    New roofBrand-new bathroomsCoin laundry facilityModern kitchensImpact windowsStainless steel appliances
    Serious Inquiries Only! Do not call unless you have an offer. I am NOT interested in working with realtors. Exceptional Investment Opportunity – Zoned for Up to 25 Units! This property is a prime investment for developers looking to maximize returns. According to City of North Miami zoning regulations, this lot is zoned for the development of up to 25 residential units, making it a high-value opportunity for expansion and redevelopment. (Confirm zoning details with local authorities.) This property offers the perfect combination of immediate cash flow, additional income streams, and long-term development potential! Fully Renovated Multi-Family Property in North Miami Don’t miss this unique chance to own a turnkey, income-generating property in one of North Miami’s most sought-after neighborhoods. Property Highlights: This property has been meticulously upgraded with: • New roof • Updated electrical and plumbing systems (up to code) • Impact windows for enhanced safety and energy efficiency • Modern kitchens with stainless steel appliances • Brand-new bathrooms Prime Location: Nestled in a quiet neighborhood, this property offers unbeatable convenience: • Grocery stores within 5 minutes • Pharmacies, schools, and parks nearby • Quick access to I-95, just 15 minutes from Miami International Airport and 35 minutes from Ft. Lauderdale Airport • A walkable community, perfect for families and professionals Income Potential: This multi-family property features three highly profitable rental units: • Two units generating $1,650/month each • One main unit with a rental potential of $3,000/month • Total estimated gross monthly income: $6,650 • Annual income potential of $79,800 • Coin laundry facility for additional income Development Potential: • Lot zoned for a 25-unit apartment complex • Ideal for investors looking to scale their portfolio with a larger development (Confirm zoning details with local authorities) Additional Features: • 10 parking spaces for tenant convenience • Located in a high-demand rental area within a peaceful and well-connected neighborhood This is a rare opportunity to acquire a profitable, upgraded multi-family property with major development potential!
    164 days
    on Zillow
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    131
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    2
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    Listed by:

    (786) 381-9764

    This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Forced air
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Dryer, Freezer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Trash compactor, Washer
    Features
    • Flooring: Tile, Concrete
    • Basement: Finished
    Interior area
    • Total interior livable area: 1,900 sqft

    Property

    Parking
    • Total spaces: 10
    • Parking features: Off-street
    Features
    • Exterior features: Other
    Lot
    • Size: 10,580 Square Feet
    Details
    • Parcel number: 0622190110120

    Construction

    Type & style
    • Home type: Apartment
    Materials
    • Foundation: Other
    • Roof: Other
    Condition
    • New construction: No
    • Year built: 1947

    Community & HOA

    Location
    • Region: North Miami

    Financial & listing details

    • Price per square foot: $684/sqft
    • Tax assessed value: $518,473
    • Annual tax amount: $11,301
    • Date on market: 12/19/2024
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