180 NW 59th St, Miami FL 33127

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!

This quadruplex home located at 180 NW 59th St, Miami FL 33127 is currently for sale and has been available on Brickellsold for 145 days. This property is listed at $1M. It has N/A beds, N/A bathrooms, and is 2837 square feet. It was built in 1926. 180 NW 59th St, Miami FL 33127 is in Miami county Miami-Dade County.