FL > Miami
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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Monica Cataluña, CCIM

Monica Cataluña, CCIM

+1(954) 812-1831
$1,300,000
Est. payment /mo
2,837 SqFt
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UPDATED:

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

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

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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Miami Association of Realtors (SEFMIAMI MLS)
Listed by The Keyes Company
Monica Cataluña, CCIM

"We recognize that real estate ventures involve more than just transactions; they’re intricate puzzles that demand strategic thinking and a keen understanding of the numbers. With years of experience in the industry, we bring a wealth of knowledge and expertise to the table, ensuring that every client receives tailored solutions to meet their unique needs."

+1(954) 812-1831

monica@koresrealty.com

1655 N Commerce Parkway, Suite 204, Weston, Florida, 33326, United States

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180 NW 59th St