180 NW 59th St, Miami FL 33127, Miami, Miami-Dade County, Commercial Sale
- $1,300,000
Overview
- Income/MultiFamily
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!
Address
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Address: 59th St
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City: Miami
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State/county: Miami-Dade County
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Zip/Postal Code: 33127
Details
Updated on August 8, 2025 at 12:43 pm-
Property ID A11854539
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Price $1,300,000
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Year Built 1926
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Property Type Income/MultiFamily
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Property Status Commercial Sale