580-590 NW 58th St Active Save Request In-Person Tour Request Virtual Tour
Miami,FL 33127
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,094 sqft
Price per Sqft $389
Subdivision Buena Vista Gardens
MLS Listing ID A11783338
Year Built 2008
Annual Tax Amount $10,147
Tax Year 2025
Property Sub-Type Duplex
Property Description
2008 construction , renovated in 2023
A standout feature is the detached design, giving each unit the feel of a private single-family home. This unique layout attracts stronger tenant demand and allows for higher rent premiums compared to traditional duplex configurations.
Currently, one unit is leased to a Section 8 tenant and the other to a long-term market-rate tenant. Section 8-approved rents in this area are up to $3,330 per unit per month, offering strong upside potential.
With both units rented at this rate, the property would generate $79,920 in annual gross income, translating to a fair market value in the $1.05M–$1.15M range (based on comparable sales at a 7–7.5% cap rate).
With low maintenance and modern, high-end finishes, this property offers a hassle-free investment.
Location
State FL
County Miami-dade
Community Buena Vista Gardens
Area 31
Interior
Heating Electric
Cooling Central Air
Flooring Laminate
Exterior
Pool None
Utilities Available Cable Available
Roof Type Shingle
Building
Lot Description < 1/4 Acre
Story 1
Sewer Public Sewer
Structure Type Block
Others
Acceptable Financing Cash,Conventional,FHA
Listing Terms Cash,Conventional,FHA
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11783338