180 NW 59th St Active Save Request In-Person Tour Request Virtual Tour
Miami,FL 33127
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,837 sqft
Price per Sqft $458
Subdivision High School Pk Track
MLS Listing ID A11873091
Style Fourplex
Year Built 1926
Annual Tax Amount $12,727
Tax Year 2024
Property Sub-Type Quadruplex
Property 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!
Location
State FL
County Miami-dade
Community High School Pk Track
Area 31
Interior
Heating Electric,Wall Furnace
Cooling Ceiling Fan(s),Electric,Wall/Window Unit(s)
Flooring Tile,Vinyl
Exterior
Exterior Feature Fence,Lighting,Porch,Patio
Pool None
Utilities Available Cable Available
Roof Type Flat,Tar/Gravel
Building
Lot Description < 1/4 Acre
Story 1
Sewer Public Sewer
Water Public
Structure Type Block,Stucco
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11873091