Multi-Family $ 1,300,000

180 NW 59th St

Miami, FL 33127

  • 2,837 SqFt
  • 6,500 Lot Size
  • 1926 Year Built
Located in a coveted Opportunity Zone, this 5-unit multifamily property boasts over $100,000 in permitted electrical & plumbing upgrades, ensuring reliable infrastructure. Zoned T-5-R, there's great potential for higher-density mixed-use development, allowing up to 5 stories with retail, office, and residential spaces—unlocking significant value appreciation. Durable concrete block construction, there is a mix of 1, 2, and 3-Bedroom units, each with separate electric meters for tenant convenience. Spacious front & back yards, perfect for making desirable common areas for potential new tenants. Not in a flood zone, this investment offers a strong cap rate, making it a rare find in Miami's competitive market. Bringing rents up to current market will also dramatically improve your returns!
Listed by The Keyes Company

VIRTUAL TOUR

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type Multi Family

    Listing Status Active

    Purchase Type For Sale

    Square Footage 2, 837 sqft

    Price per Sqft $458

    MLS Listing ID A11854539

    Maintenance Fees $840

    HOA Y/N No

    Year Built 1926

    Annual Tax Amount $12,727

    Tax Year 2024

    Lot Size 6,500 Sqft

    Property Sub-Type Multi Family

  • Location

    State FL

    County Miami-dade

    Area 31

  • Building

    Story 1

    Sewer Public Sewer

    Water Public

    Level or Stories One

    Structure Type Block,Stucco

  • Interior

    Heating Window Unit, Wall Furnace

    Cooling Wall/Window Unit(s)

    Flooring Tile, Vinyl

  • Exterior

    Roof Type Tar/Gravel

    Private Pool Yes

  • Others

    HOA Name Owner

    Tax ID 01-31-13-063-0521

    Ownership Joint Venture

    Security Features Fenced,Security Gate,Smoke Detector(s),Security Lights

    Acceptable Financing Cash, Conventional, Owner May Carry Second

    Listing Terms Cash, Conventional, Owner May Carry Second

    Virtual Tour https://www.propertypanorama.com/instaview/mia/A11854539

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CONTACT

Kevin Bernhardt
Kevin Bernhardt

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