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!
- Heating System
- Cooling System
- Security
- Parking Features
- Roof:
- Tar/gravel
- Sewer
- State:
- FL
- County:
- Miami-Dade
- City:
- Miami
- Zipcode:
- 33127
- Street:
- 180 Nw 59th St, Miami, Florida 33127
- Longitude:
- W81° 48' 2.3''
- Latitude:
- N25° 49' 45.5''
- Building Area:
- 2,837 Sqft
- Construction Materials:
- Block, Stucco
- Cumulative DOM:
- 173
- DOM:
- 187
- Electric
- Flooring:
- Tile, Vinyl
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Lease Term:
- Long Term
- Listing Terms:
- Cash,Conventional,Owner May Carry Second
- Maintenance Expense:
- $840
- Parcel Number:
- 01-31-13-063-0521
- Structure Type:
- Apartment, Multi Family
- Tax Annual Amount:
- $12,727
- Tax Year:
- 2024
- Virtual Tour:
- Click Here
Commercial Sale For Sale
180 Nw 59th St, Miami, Florida 33127, Miami, Florida 33127
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $1,300,000
- Year Built :
- 1926
- Lot Area :
- 6,500 Sqft
- MLS # :
- A11854539
- Property Sub Type :
- Multi Family
