180 NW 59th Street, Miami, FL 33127
- $1,300,000
- 2,837
- SqFt
- List Price
- $1,300,000
- MLS#
- A11873091
- Sq. Ft
- 2,837
- Subtype
- Quadruplex
- County
- Miami-Dade
- Subdivision
- High School Pk Track
- Region
- 2310
- Year Built
- 1926
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!
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Additional Information
- Heating
- Electric, Separate Meters, Wall Furnace
- Cooling
- Ceiling Fan(s), Electric, Wall/Window Unit(s)
- Roof
- Flat, Tar/Gravel
- Sewer
- Public Sewer
- Water
- Public
- Exterior Features
- Lighting, Outdoor Living Area
- Flooring
- Tile, Vinyl
- Construction
- Block, Stucco
- Living Area
- 2,837
Listing courtesy of The Keyes Company. Contact: