180 NW 59th ST, Miami, FL 33127
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Rachel Small

Rachel Small

+1(305) 570-1167
$ 1,300,000
Est. payment | /mo

2,837 SqFt

Save Virtual Tour
$ 1,300,000
Est. payment | /mo
Save Virtual Tour

2,837 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,837 sqft

Price per Sqft $458

Subdivision High School Pk Track

MLS Listing ID A11873091

Construction Status Updated/Remodeled

HOA Y/N No

Total Fin. Sqft 2837

Year Built 1926

Annual Tax Amount $12,727

Tax Year 2024

Property Sub-Type Quadruplex

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 2310

Zoning 4600

Interior

Interior Features InteriorFeatures

Heating Electric, Separate Meters, Wall Furnace

Cooling Ceiling Fan(s), Electric, Wall/Window Unit(s)

Flooring Tile, Vinyl

Fireplace No

Exterior

Exterior Feature Lighting, Outdoor Living Area

Fence Fenced

Utilities Available Cable Available

Water Access Desc Public

Roof Type Flat,Tar/Gravel

Porch Patio, Porch

Private Pool No

Building

Dwelling Type Multi Family

Story 1

Sewer Public Sewer

Water Public

Structure Type Block,Stucco

New Construction No

Construction Status Updated/Remodeled

Others

Tax ID 0131130630521

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11873091

BeachesMLS, Inc. (FLR) IDX
Listed by Kevin Bernhardt The Keyes Company

Nearby Locations

Rachel Small

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(305) 570-1167

rachelsellsluxury@gmail.com

323 Sunny Isles Blvd, Sunny Isles Beach, FL, 33160, USA

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180 NW 59th ST