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About This Home
This 6-bedroom, 4-bathroom multi-family at 180 NW 59th St in Miami, FL is listed for $1,300,000 ($458 per sqft). Built in 1926, the home offers 2,837 sqft of living space on a N/A lot.
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!
Key Features
- Built in 1926
Property Details
Monthly Cost Estimate
$6,953/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
180 NW 59th St
Miami, FL 33127
High School Pk Track
Features & Amenities
Exterior Features
Property Details
Flooring
Construction
Heating
Cooling
Questions & Answers
This 6-bedroom, 4-bathroom multi-family at 180 NW 59th St is listed at $1,300,000 ($458/sqft). The estimated monthly payment is $5,633 based on 20% down at 6.5% interest.
Key features include: Built in 1926. Exterior Features: Fence, Lighting, Porch.
This property is listed by Kevin Bernhardt and can be reached at 18004383973 or kevin@theanchorway.com.
