About 180 Nw 59th St
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!
Features of 180 Nw 59th St
| MLS® # | A11854539 |
|---|---|
| USD | $1,300,000 |
| CAD | $1,797,380 |
| CNY | 元8,724,560 |
| EUR | €1,118,649 |
| GBP | £960,400 |
| RUB | ₽112,000,330 |
| Bathrooms | 0.00 |
| Year Built | 1926 |
| Type | Business |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 180 Nw 59th St |
|---|---|
| Area | 31 |
| City | Miami |
| County | Miami-Dade |
| State | FL |
| Zip Code | 33127-1252 |
Amenities
| Parking | On Street |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Tile, Vinyl |
|---|---|
| Heating | Window Unit, Wall Furnace |
| Cooling | Wall/Window Unit(s) |
| Fireplace | No |
| # of Stories | 1 |
| Stories | One |
Exterior
| Roof | Tar/Gravel |
|---|---|
| Construction | Block, Stucco |