150 NE 59th St, Miami FL 33137

Description

Two Duplexes - 4 units, each 1bed +1bath generating up $90k year gross income at market rents when fully rented. Each unit has a private backyard, separate address and tenants pay utility. Property has Impact windows 4 water meter and 4 FPL meters . Zoned T5-R by right development up to 5 stories and 8 units -17,825 buildable SF estimated under Miami 21 on 5.552 Sq ft corner lot. Only lot located directly behind a full block church fronting NE 2nd Avenue ,offering stability, privacy and unique positioning. Less than 1/2 mile to the planned Innovation District Tri-Rail station ( Northeast Smart Corridor). Strong land appreciation and redevelopment potential with zoning that allows vertical growth. Across from Laundromat Art Space gallery and 1 block away from Magic City. No flood zone.

This quadruplex home located at 150 NE 59th St, Miami FL 33137 is currently for sale and has been available on Brickellsold for 11 days. This property is listed at $2M. It has N/A beds, N/A bathrooms, and is 1909 square feet. It was built in 1947. 150 NE 59th St, Miami FL 33137 is in Miami county Miami-Dade County.