$1,300,000

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180 Nw 59Th St Miami, FL, United States 33127

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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Amenities

  • Bedrooms: 6
  • Full Bathrooms: 4
  • Partial Bathrooms: 0
  • Property Type: Income
  • Architectural Style: Fourplex
  • Home size: 2,837 ft2 / 263.56 m2
  • MLS: A11873091
  • Status: Active

Property brokered by

The Keyes Company

(954) 893-1367

Get more listing details on brokerage site

Presented by Kevin Bernhardt

Contact Kevin Bernhardt

Contact Agent

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