180 NW 59th St, Miami FL 33127 | Miami-Dade County | A11854539
- $1,300,000
- $1,300,000
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!
Monthly Fees & Carrying Costs
| Maintenance Fee | $840 / month |
| Total Monthly Fees | $840 / month |
Address
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Address: 59th St
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City: Miami
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Zip/Postal Code: 33127
Details
Updated on July 2, 2026 at 6:39 am-
Property ID A11854539
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Price $1,300,000
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Year Built 1926
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Property Status Active, Commercial Sale
Additional details
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Flooring Tile, Vinyl
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Cooling Wall/Window Unit(s)
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Annual Tax 12727
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Association No
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Private Pool No
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Listing Terms All Cash, Conventional/Refinance, Secondary Financing
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Waterfront No
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Total Stories 1
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Parking On Street
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Heating Wall/Window Units
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Structure Type Free Standing
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Tax Year 2024
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Construction Concrete Block Construction, CBS Construction, Stucco, Insulated, Sheet Rock
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Building Area 2837
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Year Built Details Resale
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Inclusions Building & Land,Fixtures,Leases, Furniture/Fixtures,Leases
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Flood Zone X
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New Construction No
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Lot Size (Sq Ft) 6500
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