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Commercial Income
$1,300,000
180 NW 59th St Miami, FL

A11854539

12 of 71 for Sale
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an agent
  • Listed On:

    Aug 8, 2025
  • Days on Market:

    132
  • Year:

    1926
  • Taxes:

    $12,727 per year
  • Floor Description:

    Tile, Vinyl
  • Occupancy:

  • Zoning:

  • Parking:

    On Street

180 NW 59th St Miami, FL 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!

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For Sale Details

  • Floor Description

    Tile, Vinyl

  • Heating Description

    Wall/Window Units

  • Insurance Expense

    2990

  • Net Operating Income

    68643

  • Ownership

    Joint Venture

  • Parking Description

    On Street

  • Photo Count

    34

  • Property Type

    Commercial Sale

  • SqFt Total

    6500

  • Terms Considered

    All Cash, Conventional/Refinance, Secondary Financing

  • Year Built

    1926

Any questions about Commercial Income?
Contact our Miami Real Estate Specialist today.

Need to sell your condo at Commercial Income?

We will sell it for you!
We are the leading Real Estate sales team in Miami, Florida. Our agressive marketing program and result-driven strategies will sell your Commercial Income condo fast.
Contact us for free professional market analysis and marketing plan customized for your property.
Call our office (305) 751-1000
0.772192001343