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Sold
Sold on August 16, 2024

1501 W 42nd St

$5,750,000
$5,750,000
0 Beds
0 Baths
33,933 sqft
0 Parkings
Lot size
33,933 sqft
Annual Tax
$72,083
Occupancy
Tenant
Year Built
1987
Property type
Multifamily
#MLS
A11598443

Description

Eco Stone Group Investments is pleased to present a 20-unit multifamily property located at 1501 W 42 St, Hialeah, FL, 33012, in the heart of Hialeah, the largest epicenter for the Hispanic community. Its density and desirability have allowed for rapid growth in rents and capital appreciation for the area. The property is close to prime destinations like Miami International Airport, The Amelia Earhart Park, multiple supermarkets. The property features: - 20 separate units, each with 2 bedrooms and 1 bathroom (approximately 950 sq.ft.), which are larger than average. - Separate electric meters for each unit. - 80% of the units have been renovated. - A parking space for each unit. - On-site coin laundry facilities generating additional income.

Habitat Realty LLC

Features & Details

Learn about the features and details of 1501 W 42nd St

Property Details

  • Property Type
    MultiFamily
  • Living Area
    -
  • Year Built
    1987
  • Lot Size
    33,933 sqft
  • Stories
    -
  • Annual Tax
    $72,083.00
  • List Date
    5/31/2024
  • Updated
    6/8/2025
  • Last Checked
    Recent
  • MLS Number
    #A11598443
  • Brokerage
    Habitat Realty LLC
  • Postal Code
    33012
  • Area
    Miami-Dade
  • City
    Hialeah

Additional Property Features

  • Occupancy
    Tenant
  • List Price
    $5,750,000.00
  • Unit Number
    -
  • Construction
    Block
  • Heating
    Central
  • Fireplaces
    -
  • Garage
    -
  • Parking Type
    No
  • Pets Allowed
    No
  • Air Conditioning
    Central Air
  • Elevator
    No
  • Locker
    No
  • Swimming Pool
    No
  • Patio
    No
  • Basement
    No
  • Den
    No
  • Central Vacuum
    No
  • Garage Type
    No

Additional Listing Information

  • Walk Score
    –
  • Property Manager
    -
  • Utilities Included
    None
  • Furnished
    No
  • Assessment Year
    Assessment Year
  • Assignment
    No
  • Extras Included
    None
  • Virtual Tour
    View virtual tour

Inside

  • Bedrooms & Baths
    0 Bed, 0 Bath
  • Ensuite
    Yes
  • Bathrooms
    0
  • Flooring
    Mixed

Price history

Learn about the price history of 1501 W 42nd St

Real estate trends

View trends of price in Hialeah over the last 12 months

Explore Miami-Dade

Learn about the area around 1501 W 42nd St

Mortgage Calculator
Estimate monthly payments for 1501 W 42nd St
$0
20.0%
$5,750,000
1%
5.25%
10%
Estimated Monthly Payment

$27,565

Cash Flow Analysis
Mortgage Payment:
$27,565.39
Monthly Payment:
$33,572.31
Break Even Down Payment:
100%
Cash Flow
$0
Disclaimer: This calculator provides estimates for informational purposes only. Consult a financial advisor for personalized advice.

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About this property

Discover this exceptional multifamily in the heart of Hialeah. Originally built in 1987. Offered at $5,750,000.00 Don't miss this opportunity to own in one of the area's most desirable locations.

FAQs About 1501 W 42nd St

There are bedrooms and bathrooms in this Multifamily at 1501 W 42nd St, MLS® A11598443.

Annual taxes for this home are $72,083 based on tax year reports.
Miami Association of REALTORS®
Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information.
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1501 W 42nd St