FL > Miami
Miami, FL 33127,180 NW 59th St
Miami, FL 33127,180 NW 59th St
Miami, FL 33127,180 NW 59th St
Miami, FL 33127,180 NW 59th St
Miami, FL 33127,180 NW 59th St
Miami, FL 33127,180 NW 59th St
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Kevin Bernhardt

Kevin Bernhardt

+1(305) 491-6043
$ 1,300,000
Est. payment | /mo

2,837 SqFt

Save Virtual Tour
$ 1,300,000
Est. payment | /mo
Save Virtual Tour

2,837 SqFt

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

Construction Status Resale

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

Property Description

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!

Location

State FL

County Miami-dade

Area 31

Interior

Heating Window Unit, Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Tile, Vinyl

Exterior

Roof Type Tar/Gravel

Private Pool Yes

Building

Story 1

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Block,Stucco

Construction Status Resale

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

Listed by The Keyes Company
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(305) 491-6043

kevin@theanchorway.com

809 N Flagler Ave, Homestead, FL, 33030-4953, USA

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180 NW 59th St