180 Nw 59th St, Miami, FL 33127

$1,300,000
Active for Sale
 
Listing ID 55045407
Property Type Commercial
County Miami-Dade
FEMA Flood Map fema.gov/portal
Year Built 1926
   
Virtual Tour
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, theres 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 Miamis competitive market. Bringing rents up to current market will also dramatically improve your returns!
Property Details
  • 6500 SF Lot
  • Built in 1926
  • 1 Story
Interior Features
  • Ceramic Tile Flooring
  • Vinyl Flooring
  • Wall/Window A/C
Exterior Features
  • Masonry - Concrete Block Construction
  • Community Water
  • Fence
Listed By
Resimercial
Mobile: 305-491-6043
Request More Information
Request Showing
Role Agent Buyer
Your Preferred Date & Time
Showing Type:
Listing data is deemed reliable but is NOT guaranteed accurate.
Contact Us
Who Would You Like to Contact Today?

I want to contact an agent about this property!

I wish to provide feedback about the website functionality

Contact Agent
Your Name:
Email:
Phone:
Message:
Security: What is 10 minus 2?