1261 59th ,Multi Family, Business en Venta & Alquilar

1261 59th en Venta & Alquilar

Precio $3,650,000.00

• Tamaño de lote 10600
• Año de construcción 1957
• Frente al agua
• Zip 33142
• Estilo
• Parking Descripción Common
• Piscina Yes
• Estado Active

Descripción

City Apartments is an 18-unit multifamily property located at 1261 NW 59th Street, Miami, Florida 33142. Built in 1957, the property totals 10,485 square feet and sits on a 0.24 acre lot. The unit mix consists of twelve one-bedroom/one-bathroom units averaging 500 square feet and six two bedroom / one-bathroom units averaging 590 square feet. The property features wall-unit air conditioning, and separate electric meters for all units, reducing ownership expenses and simplifying operations. Strategically located in the heart of Miami’s Liberty City neighborhood, City Apartments benefits from extensive ongoing redevelopment and reinvestment in the surrounding area. The property is positioned near the Liberty Square redevelopment, a $300+ million public-private partnership transforming the historic neighborhood with over 1,400 new mixed-income housing units, retail, and community spaces. It is also minutes from the Miami Innovation District, Wynwood, Allapattah, and the Miami Health District, all major employment and growth drivers contributing to strong rental demand and steady population inflow. With modernized building systems, and proximity to several large-scale development projects reshaping Miami’s urban core, City Apartments represents an outstanding opportunity to acquire a stabilized, cash-flowing asset with long-term appreciation potential in one of the city’s most active redevelopment corridors.

14 53 41 ORCHARD VILLA EXT PB 17-55 LOTS 24 AND 25 BLK 6 LOT SIZE 100.000 X 106 OR 12425-1653 0185 4

City Location, Fenced

City Apartments is an 18-unit multifamily property located at 1261 NW 59th Street, Miami, Florida 33142. Built in 1957, the property totals 10,485 square feet and sits on a 0.24 acre lot. The unit mix consists of twelve one-bedroom/one-bathroom units averaging 500 square feet and six two bedroom / one-bathroom units averaging 590 square feet. The property features wall-unit air conditioning, and separate electric meters for all units, reducing ownership expenses and simplifying operations. Strategically located in the heart of Miami’s Liberty City neighborhood, City Apartments benefits from extensive ongoing redevelopment and reinvestment in the surrounding area. The property is positioned near the Liberty Square redevelopment, a $300+ million public-private partnership transforming the historic neighborhood with over 1,400 new mixed-income housing units, retail, and community spaces. It is also minutes from the Miami Innovation District, Wynwood, Allapattah, and the Miami Health District, all major employment and growth drivers contributing to strong rental demand and steady population inflow. With modernized building systems, and proximity to several large-scale development projects reshaping Miami’s urban core, City Apartments represents an outstanding opportunity to acquire a stabilized, cash-flowing asset with long-term appreciation potential in one of the city’s most active redevelopment corridors.

City:Miami,Sewer:1:Public Sanitation,2:Sewer,Zoning:3901,Country:US,List A O R:BeachesMLS,Stories:3,Tax Year:2025,Latitude:25.8299987,List Price:3650000,Listing Id:F10556385,Longitude:-80.2178792,Mls Status:Active,Year Built:1957,Directions:I95 to NW 62nd St. Go west to NW 12th Ave. Go south to NW 59th St then West,Inclusions:Land Only, Business; Building And Land,Postal Code:33142,Street Name:59th,Coordinates:1:25.8299987,Gross Income:408618,Lot Features:1:Fenced,Photos Count:14,Days On Market:93,Leasable Area:10485,Listing Terms:1:Conventional,2:Exchange,Lot Size Acres:0.2433,Lot Size Units:Square Feet,On Market Date:2026-03-05,Other Expense:14910,Parcel Number:01-31-14-043-1130,Parking Total:18,Property Type:Commercial Sale,Stories Total:3,Street Number:1261,Street Suffix:Street,Trash Expense:6600,Public Remarks:City Apartments is an 18-unit multifamily property located at 1261 NW 59th Street, Miami, Florida 33142. Built in 1957, the property totals 10,485 square feet and sits on a 0.24 acre lot. The unit mix consists of twelve one-bedroom/one-bathroom units averaging 500 square feet and six two bedroom / one-bathroom units averaging 590 square feet. The property features wall-unit air conditioning, and separate electric meters for all units, reducing ownership expenses and simplifying operations. Strategically located in the heart of Miami’s Liberty City neighborhood, City Apartments benefits from extensive ongoing redevelopment and reinvestment in the surrounding area. The property is positioned near the Liberty Square redevelopment, a $300+ million public-private partnership transforming the historic neighborhood with over 1,400 new mixed-income housing units, retail, and community spaces. It is also minutes from the Miami Innovation District, Wynwood, Allapattah, and the Miami Health District, all major employment and growth drivers contributing to strong rental demand and steady population inflow. With modernized building systems, and proximity to several large-scale development projects reshaping Miami’s urban core, City Apartments represents an outstanding opportunity to acquire a stabilized, cash-flowing asset with long-term appreciation potential in one of the city’s most active redevelopment corridors.,Structure Type:1:Commercial,2:Multi Family,County Or Parish:Miami-Dade County,Expiration Date:2026-09-05,List Office Name:Home Sold Realty LLC,Listing Service:Limited Service,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,New Taxes Expense:35705,Property Sub Type:Multi Family,State Or Province:FL,Street Dir Prefix:NW,Tax Annual Amount:35705,Total Actual Rent:408618,Unparsed Address:1261 NW 59th Street, Miami FL 33142,Insurance Expense:52000,M I A M I R E_ Blogging:1,Operating Expense:154418,Road Frontage Type:1:City,Security Features:1:Fire Alarm,Year Built Details:Resale,Building Area Total:10485,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lot Size Square Feet:10600,M I A M I R E_ Num Floors:3,M I A M I R E_ Num Meters:36,Number Of Buildings:1,Original List Price:3650000,Public Survey Range:31,I D X Participation Y N:1,M I A M I R E_ Num Tenants:18,Maintenance Expense:7200,Net Operating Income:154418,Number Of Units Total:18,Syndication Remarks:City Apartments is an 18-unit multifamily property located at 1261 NW 59th Street, Miami, Florida 33142. Built in 1957, the property totals 10,485 square feet and sits on a 0.24 acre lot. The unit mix consists of twelve one-bedroom/one-bathroom units averaging 500 square feet and six two bedroom / one-bathroom units averaging 590 square feet. The property features wall-unit air conditioning, and separate electric meters for all units, reducing ownership expenses and simplifying operations. Strategically located in the heart of Miami’s Liberty City neighborhood, City Apartments benefits from extensive ongoing redevelopment and reinvestment in the surrounding area. The property is positioned near the Liberty Square redevelopment, a $300+ million public-private partnership transforming the historic neighborhood with over 1,400 new mixed-income housing units, retail, and community spaces. It is also minutes from the Miami Innovation District, Wynwood, Allapattah, and the Miami Health District, all major employment and growth drivers contributing to strong rental demand and steady population inflow. With modernized building systems, and proximity to several large-scale development projects reshaping Miami’s urban core, City Apartments represents an outstanding opportunity to acquire a stabilized, cash-flowing asset with long-term appreciation potential in one of the city’s most active redevelopment corridors.,Listing Contract Date:2026-03-05,M I A M I R E_ Vacancy Rate:4,Originating System I D:miamire,Public Survey Section:14,Showing Instructions:24 Hour Notice,Street Number Numeric:1261,Tax Legal Description:14 53 41 ORCHARD VILLA EXT PB 17-55 LOTS 24 AND 25 BLK 6 LOT SIZE 100.000 X 106 OR 12425-1653 0185 4,Electric On Property Y N:1,Gross Scheduled Income:466560,M I A M I R E_ Current Price:3650000,Public Survey Township:31,Construction Materials:1:CBS Construction,2:Plaster,M I A M I R E_ Municipal Code:1,M I A M I R E_ Year Installed:1957,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Parcel Number M L X:1130,M I A M I R E_ Showing Time Flag:1,M I A M I R E_ Street View Param:1$25.82997$-80.217931$202.64$13.33$1.00$iz9RBqCb_TYEFVN5P1cHLA,M I A M I R E_ Supplement Count:1,Contract Status Change Date:2026-03-05,Distance To Freeway Numeric:1,Internet Address Display Y N:1,Number Of Units In Community:18,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Subdivision Number:43,M I A M I R E_ Environmental Audit:None,M I A M I R E_ Parking Space Number:18,M I A M I R E_ Agent Alternate Phone:833-700-2782,M I A M I R E_ Approx Sqft Total Area:10600,M I A M I R E_ Maximum Leasable Sqft:10485,M I A M I R E_ Occupancy Percentage:100,M I A M I R E_ Improvement Height C O M:5 Stories,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:1261 NW 59th St,M I A M I R E_ Dade Market Amt Assessed Amt:1900000,Internet Automated Valuation Display Y N:1,