Miami, FL 33127 180 NW 59th St
$1,300,000
29 more
Presented By: This listing is courtesy of The Keyes Company;
Beds • 5
Baths • 5
SQFT • 2,837
Home Details
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!
Presented By: This listing is courtesy of The Keyes Company;
Interior Features for 180 NW 59th St
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
FlooringTile, Vinyl
Heating Y/NYes
General for 180 NW 59th St
Additional Parcels Y/NNo
Association NameOwner
Attached Garage No
Carport Y/NNo
CityMiami
Construction MaterialsBlock, Stucco
CoolingWallWindowUnits
CountyMiami-Dade
DisclosuresNone
ElectricVolts110, Amps200OrMore, Volts220
Garage Y/NNo
Gross Income90600.0
HOANo
HeatingWindowUnit, WallFurnace
Home Warranty Y/NNo
Insurance Expense2990.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionHIGH SCHOOL PARK TR PB 4-44 LOT 2 BLK 4 LOT SIZE 50.000 X 130 OR 20954-4136/21079-4380 06/02 6 COC 24445-0943 04 2006 1
LevelsOne
Listing TermsCash, Conventional, OwnerMayCarrySecond
Lot Size Square Feet6500.0
Lot Size UnitsSquareFeet
MLS Area31
Maintenance Expense840.0
MobileHomeRemainsYNNo
Net Operating Income68643.0
New ConstructionNo
Number Of Units Total5
Occupancy TypeTenant
Ok to LeaseLongTerm
Operating Expense21957.0
OwnershipJoint Venture
PossessionClosingAndFunding, CloseOfEscrow
PostalCityMiami
Property Attached Y/NNo
Property Sub Type AdditionalMultiFamily
Property SubtypeMultiFamily
Property TypeCommercialSale
Rent Control Y/NNo
RoofTarGravel
Security FeaturesFenced, SecurityGate, SmokeDetectors, SecurityLights
Senior Community Y/NNo
SewerPublicSewer
Showing InstructionsAppointment Only, Call Listing Agent, Showing Assist
Standard StatusActive
StatusActive
Stories Count1
Structure TypeMultiFamily
Tax Annual Amount12727.0
Tax Year2024
Tenant PaysElectricity, HvacMaintenance, Telephone
Trash Expense4320.0
Virtual TourClick here
Year Built1926
Year Built DetailsResale
Zoning Description4600
Exterior for 180 NW 59th St
Building Area Total2837.0
Covered Spaces0.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Area6500.0
Number of Buildings1
OwnerPhone-
Parking FeaturesOnStreet
Private PoolNo
Road Frontage TypeCityStreet
SpaNo
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Elianny Nunez
Realtor®
