180 NW 59th St, Miami FL 33127 | Miami-Dade County | A11873091

This 5-unit multifamily property at 180 NW 59th St in Miami is a concrete block-built quadruplex located in a coveted Opportunity Zone. Constructed in 1926 and spanning 2,837 square feet, the building has undergone over $100,000 in permitted electrical and plumbing upgrades, ensuring modern and reliable infrastructure. The property is zoned T-5-R, which allows for potential higher-density mixed-use development up to 5 stories, including retail, office, and residential spaces—offering significant value appreciation possibilities. The building currently consists of a mix of 1, 2, and 3-bedroom units, each with its own separate electric meter, providing tenants with convenient utility management. The property also features spacious front and back yards, making it ideal for creating desirable common areas that can attract and retain quality tenants. These areas can be used for outdoor seating, small amenities, or additional parking. The property is not located in a flood zone, which adds to its long-term investment appeal. With the potential to bring rents in line with current market rates, this property offers a strong capitalization rate and a rare opportunity in Miami’s competitive real estate market.