Property 180 NW 59th Street, Miami, FL 33127 for sale with MLS# A11854539
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!
180 NW 59th Street, Miami, FL 33127
- Price:
- $1,300,000.00
- Original List Price:
- $1,300,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $458.23
- Gross Scheduled Income:
- 90600
- Tenant Pays:
- Electricity, Hvac Maintenance, Telephone, Maintenance, Interior Electric
- Listing Type:
- For Sale
- Status:
- Active
- Listing Category:
- Commercial Sale
- Property Type:
- Multi Family
- Description of Last Important Update:
- New Listing
- Last Major Update on:
- August 8, 2025 12:05 pm
- Built-Up Area:
- 2,837 Sqft
- Lot Features:
- Landscaped
- Lot Size Acres:
- 0.15
- Security:
- Security Gate, Security Lights, Fire Alarm, Security Fence
- Air Conditioning
- Air Conditioning System:
- Wall/window Unit(s)
- Heating
- Heating System:
- Window/wall
- Building:
- Exterior Lighting, Fenced Area, Laundry Facilities
- Year Built:
- 1926
- Roof:
- Tar/gravel
- Number of Buildings:
- 1
- Number of Units Total:
- 5
- Construction Materials:
- Block, Stucco, CBS
- Flooring:
- Tile, Vinyl
- Number of stories:
- 1
- Road Frontage Type:
- City Street
- Flood Zone Code:
- X
- Property Condition:
- Resale
- Tax Annual Amount:
- $12,727.00
- Tax Year:
- 2024
- Maintenance Expense:
- $840.00
- Insurance Expense:
- $2,990.00
- Parking Features:
- On Street
- Sewer:
- Public Sewer
- Electric:
- 220 Volts, 110 Volts, 200+ Amp Service, Separate Meters
- Water Source:
- Public
- Senior Community:
- No
- Documents Available:
- Deed, Rent Rolls, Contracts, Photos, Books & Records, Owner Managed, Financial Statement, Investment Analysis
- Listing Terms Considered by Seller:
- Cash, Conventional, Other
- Buyer Possession:
- Negotiable, Close Of Escrow
- Tax Legal Description:
- HIGH 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
- Real Estate Folio Number (Parcel Number):
- 0131130630521
- Zoning:
- 4600
- Active on the market since:
- August 8, 2025
- Listing Agreement executed on:
- August 8, 2025
- Listing Status Last Changed On:
- August 8, 2025 12:05 pm
- Photos updated on:
- August 3, 2026 10:46 pm
- Last Modified:
- August 3, 2026 10:52 pm
- Courtesy of:
- The Keyes Company
- Attribution:
- Not provided
- Street Name:
- 59th
- Street Number:
- 180
- City:
- Miami
- State:
- Florida
- Zip Code:
- 33127
- County:
- Miami-Dade
- Latitude:
- N25° 49' 45.2''
- Longitude:
- W81° 48' 2.4''
- Street Suffix:
- Street
- Street Direction Prefix:
- NW
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Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Air Quality
Source: AirNow.gov · Miami
Ver la propiedad 180 NW 59th Street, Miami, FL 33127
