180 NW 59th St, Miami, FL, 33127
1926
Fourplex
2,837 sqft
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!
Status:
Active
Type:
Multi-family
Zoning:
4600
Subdivision:
HIGH SCHOOL PK TRACK
Heating:
Electric, Wall Furnace
Cooling:
Ceiling Fan(s), Electric, Wall/Window Unit(s)
Est. Taxes:
$12,727
Construction
Block,Stucco
Utilities
Cable Available
Lot Description:
< 1/4 Acre
Days on Market:
145
Pool:
None
MLS #:
A11873091
Community Info
School Info
Walk Score
Yelp
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