180 59th St ,Free Standing for Sale & Rent

180 59th St for Sale & Rent

Price $1,300,000.00

• Lot size 6500
• Year Build 1926
• Waterfront
• Zip 33127
• Style
• Parking Description On Street
• Pool Yes
• Status Active

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!

For showings, please schedule with listing agent. Financial summary is attached.

HIGH SCHOOL PARK TR PB 4-44 LOT 2 BLK 4 LOT SIZE 50.000 X 130 OR 20954-4136/21079-4380 06/02 6 COC 24445-0943 04 2006 1

City Location, In Residential Area

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!

City:Miami,Zoning:4600,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2024,Electric:1:200+ Amp Service,2:220 Volts,3:Separate Meters,Flooring:1:Vinyl,Latitude:25.8292685,Cooling Y N:1,Heating Y N:1,Lease Term:Annual Lease,Long Term Lease,List Price:1300000,Listing Id:A11854539,Longitude:-80.1993685,Mls Status:Active,Ownership:Joint Venture,Year Built:1926,Inclusions:Building & Land,Fixtures,Leases, Furniture/Fixtures,Leases,Postal Code:33127,Street Name:59th St,Tenant Pays:1:Electricity,2:Telephone,Coordinates:1:25.8292685,Gross Income:90600,Lot Features:1:In Residential Area,Photos Count:34,Business Type:1:Residential-Multi-Family,Listing Terms:1:Conventional/Refinance,2:Secondary Financing,Lot Size Units:Square Feet,M I A M I R E_ Area:31,On Market Date:2025-08-08,Other Expense:1080,Parcel Number:01-31-13-063-0521,Property Type:Commercial Sale,Stories Total:1,Street Number:180,Trash Expense:4320,Open Parking Y N:1,Public Remarks: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!,County Or Parish:Miami-Dade County,List Office Name:The Keyes Company,Private Remarks:For showings, please schedule with listing agent. Financial summary is attached.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,New Taxes Expense:12727,Postal Code Plus4:1252,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:NW,Tax Annual Amount:12727,Unparsed Address:180 NW 59th St, Miami FL 33127,Building Features:1:Landscaped,2:Laundry Facilities,Insurance Expense:2990,Listing Agreement:Exclusive Agency,Operating Expense:21957,Security Features:1:Security Fence,2:Security Gate,3:Security Lights,Year Built Details:Resale,Building Area Total:2837,Building Area Units:Square Feet,Lease Considered Y N:1,Lot Size Square Feet:6500,Number Of Buildings:1,Original List Price:1300000,Public Survey Range:41,Documents Available:1:Contracts,2:Deed,3:Financial Statement,4:Investment Analysis,5:Owner Managed,6:Photos,7:Rent Rolls,I D X Participation Y N:1,Maintenance Expense:840,Net Operating Income:68643,Syndication Remarks: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!,Financial Data Source:1:Owner Provided,Listing Contract Date:2025-08-08,Originating System I D:miamire,Public Survey Section:13,Showing Instructions:Appointment Only,Call Listing Agent,Showing Assist,Street Number Numeric:180,Tax Legal Description:HIGH SCHOOL PARK TR PB 4-44 LOT 2 BLK 4 LOT SIZE 50.000 X 130 OR 20954-4136/21079-4380 06/02 6 COC 24445-0943 04 2006 1,Electric On Property Y N:1,Gross Scheduled Income:90600,Public Survey Township:41,Construction Materials:1:CBS Construction,2:Stucco,3:Insulated,4:Sheet Rock,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Located in a coveted Opportunity Zone, this 5-unit multifamily property boasts over $100,000 in permitted electrical and plumbing upgrades.,Contract Status Change Date:2025-08-08,Distance To Freeway Numeric:1,Internet Address Display Y N:1,Number Of Units In Community:5,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:With Written Broker Approval,Internet Entire Listing Display Y N:1,Internet Automated Valuation Display Y N:1,