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!

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,Expiration Date:2026-02-03,List Office Name:The Keyes Company,Standard Status:Active,Living Area Units:Square Feet,M I A M I R E_ Last Use:Residential multifamily,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,M I A M I R E_ Blogging:1,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,Leasable Area Units:Square Feet,Lease Considered Y N:1,Lot Size Square Feet:6500,M I A M I R E_ Flood Zone:X,M I A M I R E_ Num Floors:1,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,M I A M I R E_ N A R Rules Y N:1,M I A M I R E_ Num Tenants:5,M I A M I R E_ Num Toilets:5,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,M I A M I R E_ A C Percentage:100,M I A M I R E_ Current Price:1300000,M I A M I R E_ Milesto Beach:7,Public Survey Township:41,Construction Materials:1:CBS Construction,2:Stucco,3:Insulated,4:Sheet Rock,M I A M I R E_ Municipal Code:53,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ County Land Code:0803,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.,M I A M I R E_ Parcel Number M L X:0521,M I A M I R E_ Showing Time Flag:1,M I A M I R E_ Street View Param:1$25.829221$-80.199346$223.59$13.33$1.00$qh8PR0tpkE8J5bMaE2WRlg,M I A M I R E_ Supplement Count:1,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_ Management Company:Owner,M I A M I R E_ Ok To Advertise List:With Written Broker Approval,M I A M I R E_ Subdivision Number:63,M I A M I R E_ Deposit Information:1:Security Deposit,M I A M I R E_ Environmental Audit:None,M I A M I R E_ Agent Alternate Phone:305-491-6043,M I A M I R E_ Occupancy Percentage:100,M I A M I R E_ Property Description:Residential Multi-Family,M I A M I R E_ Road Type Description:1:Two Lane,M I A M I R E_ Maximum Ceiling Height:7,M I A M I R E_ Inc Exp Statement Period:2025,M I A M I R E_ Interior Ceiling Height:8,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:180 NW 59th St,M I A M I R E_ Management Company Phone:-,Internet Automated Valuation Display Y N:1,