180 NW 59th St, Miami FL 33127
Basics
- Category: Commercial Sale
- Rent Period: Annual Lease, Long Term Lease
- Type: Income/MultiFamily
- Status: Active
- Floors: 1
- Lot size: 6500 sq ft
- Year built: 1926
- Year remodeled: Resale
- MLS ID: A11854539
Description
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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!
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Location
Building Details
- Floor covering: Tile, Vinyl
- Exterior material: CBS Construction, Concrete Block Construction, Insulated, Sheet Rock, Stucco
- Roof: Tar & Gravel Roof
Amenities & Features
- Features: