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!
For sale
$1,300,000
180 NW 59th St, Miami, FL 33127
6beds
4baths
2,837sqft
Est.:
Quadruplex
Built in 1926
-- sqft lot
$1,207,500 Zestimate®
$458/sqft
$-- HOA
What's special
Desirable common areas
- 75 days |
- 63 |
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