180 NW 59th St, Miami, FL 33127
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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
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Rae Rodriguez

Rae Rodriguez

+1(786) 399-9955
$ 1,300,000
Est. payment /mo
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Active

180 NW 59th St Miami, FL 33127

2,837 SqFt

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

Miami Association of Realtors (SEFMIAMI MLS)
Listed by The Keyes Company

Schools and Properties Nearby

Rae Rodriguez

Rae Rodriguez

Agent | License ID: 3154013

+1(786) 399-9955

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180 NW 59th St