Miami, FL 33127 180 NW 59th St
$1,300,000
29 more
Presented By: This listing is courtesy of The Keyes Company
Beds • 1
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
Bedrooms
Total Bedrooms1
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringTile, Vinyl
Heating Y/NYes
General for 180 NW 59th St
Association NameOwner
CityMiami
Construction MaterialsBlock, Stucco
CoolingWall/Window Unit(s)
CountyMiami-Dade
DisclosuresNone
Electric110 Volts, 200+ Amp Service, Separate Meters, 220 Volts
Full Baths
Gross Income90600
HeatingWindow Unit, Wall Furnace
Insurance Expense2990
Lease Considered 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, Owner May Carry Second
Lot Size Square Feet6500
Lot Size UnitsSquare Feet
MLS Area31
MaintenanceExpense840
Net Operating Income68643
Number Of Units Total5
Occupancy TypeTenant
Ok to LeaseLong Term
Operating Expense21957
OwnershipJoint Venture
PossessionClosing & Funding, Close Of Escrow
PostalCityMiami
Property Sub Type AdditionalMulti Family
Property SubtypeMulti Family
Property TypeCommercial Sale
RoofTar/Gravel
Security FeaturesFenced, Security Gate, Smoke Detector(s), Security Lights
SewerPublic Sewer
Standard StatusActive
StatusActive
Stories Count1
Structure TypeApartment, Multi Family
Tax Annual Amount12727
Tax Year2024
Tenant PaysElectricity, HVAC Maintenance, Telephone
Trash Expense4320
Virtual TourClick here
Year Built1926
Year Built DetailsResale
Zoning Description4600
Exterior for 180 NW 59th St
Building Area Total2837
Covered Spaces
Lot Size Area6500
Number of Buildings1
Parking FeaturesOn Street
Road Frontage TypeCity Street
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Selma Uysal
Realtor®
