193 58th St ,Residential-multi-family en Venta & Alquilar

193 58th St en Venta & Alquilar

Precio $3,000,000.00

• Tamaño de lote 6500
• Año de construcción 1926
• Frente al agua
• Zip 33127
• Estilo
• Parking Descripción
• Piscina Yes
• Estado Active

Descripción

15-UNIT VALUE-ADD EXTENDED-STAY OPPORTUNITY Fausto Commercial Realty is pleased to present 193 NW 58th Street, a 15-unit multifamily asset in Miami’s improving Little River / Model City corridor, just east of NW 2nd Avenue. Built in 1926 on a 6,500 SF lot, the two-story property is legally operating as 15 units and currently runs as a high-occupancy extended-stay / hostel-style operation. The asset is renovated, well- maintained, and benefits from strong demand due to proximity to Wynwood, Midtown, the Design District, and Miami International Airport. As-is, the property collects approximately $20,600/month ($247,200/year) with estimated expenses of ~30%, producing an in-place NOI of $173,040. At the $3,250,000 asking price, the offering reflects a 5.32% cap rate with stable cash flow. Value-add upside includes adding 12 bathrooms (one per unit) for an estimated $180,000 to convert the asset into 15 self-contained Airbnb units. Under conservative assumptions ($135 ADR, 65% occupancy, 40% expenses), projected NOI is approximately $288,000, equating to an ~8.4% pro-forma cap rate on total cost—driven by operational improvement rather than speculative rent growth.

HIGH SCHOOL PARK TR PB 4-44 LOT 9 BLK 4 LOT SIZE 50.000 X 130 OR 20380-1745 04 2002 1 COC 25324-0130 11 2006 1

15-UNIT VALUE-ADD EXTENDED-STAY OPPORTUNITY Fausto Commercial Realty is pleased to present 193 NW 58th Street, a 15-unit multifamily asset in Miami’s improving Little River / Model City corridor, just east of NW 2nd Avenue. Built in 1926 on a 6,500 SF lot, the two-story property is legally operating as 15 units and currently runs as a high-occupancy extended-stay / hostel-style operation. The asset is renovated, well- maintained, and benefits from strong demand due to proximity to Wynwood, Midtown, the Design District, and Miami International Airport. As-is, the property collects approximately $20,600/month ($247,200/year) with estimated expenses of ~30%, producing an in-place NOI of $173,040. At the $3,250,000 asking price, the offering reflects a 5.32% cap rate with stable cash flow. Value-add upside includes adding 12 bathrooms (one per unit) for an estimated $180,000 to convert the asset into 15 self-contained Airbnb units. Under conservative assumptions ($135 ADR, 65% occupancy, 40% expenses), projected NOI is approximately $288,000, equating to an ~8.4% pro-forma cap rate on total cost—driven by operational improvement rather than speculative rent growth.

City:Miami,Zoning:5700,List A O R:A-Miami Association of REALTORS,Latitude:25.8288251,List Price:3000000,Listing Id:A12011306,Longitude:-80.1996616,Mls Status:Active,Year Built:1926,Postal Code:33127,Street Name:58th St,Coordinates:1:25.8288251,Photos Count:51,Days On Market:16,Lot Size Units:Square Feet,M I A M I R E_ Area:30,On Market Date:2026-04-15,Parcel Number:01-31-13-063-0570,Property Type:Commercial Sale,Street Number:193,Public Remarks:15-UNIT VALUE-ADD EXTENDED-STAY OPPORTUNITY Fausto Commercial Realty is pleased to present 193 NW 58th Street, a 15-unit multifamily asset in Miami’s improving Little River / Model City corridor, just east of NW 2nd Avenue. Built in 1926 on a 6,500 SF lot, the two-story property is legally operating as 15 units and currently runs as a high-occupancy extended-stay / hostel-style operation. The asset is renovated, well- maintained, and benefits from strong demand due to proximity to Wynwood, Midtown, the Design District, and Miami International Airport. As-is, the property collects approximately $20,600/month ($247,200/year) with estimated expenses of ~30%, producing an in-place NOI of $173,040. At the $3,250,000 asking price, the offering reflects a 5.32% cap rate with stable cash flow. Value-add upside includes adding 12 bathrooms (one per unit) for an estimated $180,000 to convert the asset into 15 self-contained Airbnb units. Under conservative assumptions ($135 ADR, 65% occupancy, 40% expenses), projected NOI is approximately $288,000, equating to an ~8.4% pro-forma cap rate on total cost—driven by operational improvement rather than speculative rent growth.,County Or Parish:Miami-Dade County,Expiration Date:2027-06-23,List Office Name:Fausto Commercial Realty Consultants Inc,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:1657,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:NW,Unparsed Address:193 NW 58th St, Miami FL 33127,Listing Agreement:Exclusive Right To Sell,Building Area Total:3205,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lot Size Square Feet:6500,M I A M I R E_ Flood Zone:X,Original List Price:3000000,Public Survey Range:31,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Syndication Remarks:15-UNIT VALUE-ADD EXTENDED-STAY OPPORTUNITY Fausto Commercial Realty is pleased to present 193 NW 58th Street, a 15-unit multifamily asset in Miami’s improving Little River / Model City corridor, just east of NW 2nd Avenue. Built in 1926 on a 6,500 SF lot, the two-story property is legally operating as 15 units and currently runs as a high-occupancy extended-stay / hostel-style operation. The asset is renovated, well- maintained, and benefits from strong demand due to proximity to Wynwood, Midtown, the Design District, and Miami International Airport. As-is, the property collects approximately $20,600/month ($247,200/year) with estimated expenses of ~30%, producing an in-place NOI of $173,040. At the $3,250,000 asking price, the offering reflects a 5.32% cap rate with stable cash flow. Value-add upside includes adding 12 bathrooms (one per unit) for an estimated $180,000 to convert the asset into 15 self-contained Airbnb units. Under conservative assumptions ($135 ADR, 65% occupancy, 40% expenses), projected NOI is approximately $288,000, equating to an ~8.4% pro-forma cap rate on total cost—driven by operational improvement rather than speculative rent growth.,Listing Contract Date:2026-04-15,Originating System I D:miamire,Public Survey Section:13,Street Number Numeric:193,Tax Legal Description:HIGH SCHOOL PARK TR PB 4-44 LOT 9 BLK 4 LOT SIZE 50.000 X 130 OR 20380-1745 04 2002 1 COC 25324-0130 11 2006 1,M I A M I R E_ Current Price:3000000,Public Survey Township:31,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Internet Remarks:15-UNIT VALUE-ADD EXTENDED-STAY OPPORTUNITY,M I A M I R E_ Parcel Number M L X:0570,M I A M I R E_ Street View Param:1$25.828869$-80.199621$161.89$13.33$1.00$UhxX-CDPzy3dGuBUrA0Zcg,Contract Status Change Date:2026-04-15,Internet Address Display Y N:1,Number Of Units In Community:15,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Subdivision Number:63,M I A M I R E_ Agent Alternate Phone:305-510-6627,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:193 NW 58th St,