180 NORTH WEST 59TH ST #5, Miami
$1,300,000 USD
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| Address | 180 NORTH WEST 59TH ST #5, Miami |
| Building Name | HIGH SCHOOL PK TRACK |
| Type of Property | Quadruplex |
| Property Style | Quadruplex |
| Price | $1,300,000 |
| Property Status | Active |
| MLS Number | A11873091 |
| Living Area | 2837 |
| Year Built | 1926 |
| Folio Number | 01-31-13-063-0521 |
| Zoning Information | 4600 |
| Days on Market | 207 |
Detailed Description: Located in a coveted Opportunity Zone, this 5-UNIT multifamily property boasts over $100,000 in permitted electrical and 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 and 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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Address Information
| State | Florida |
| City | Miami |
| County | Miami-Dade County |
| Zip Code | 33127 |
| Address | 180 NORTH WEST 59TH ST |
| Section | 13 |
| Zip Code (4 Digits) | 1252 |
Financial Information
| Price | $1,300,000 |
| Price per Foot | $0 |
| Folio Number | 01-31-13-063-0521 |
| Tax Amount | $12,727 |
| Tax Year | 2024 |
| Possession Information | Funding |
| Lender Approval | Approved |
Full Descriptions
| Detailed Description | Located in a coveted Opportunity Zone, this 5-UNIT multifamily property boasts over $100,000 in permitted electrical and 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 and 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! |
| Roof Description | Flat Roof With Facade Front, Tar and Gravel Roof |
| Floor Description | Tile, Vinyl |
| Cooling Description | Ceiling Fan (s), Electric, Wall / Window Unit (s) |
| Heating Description | Electric, Window / Wall |
| Water Description | Municipal Water |
| Sewer Description | Public Sewer |
Property parameters
| Living Area | 2837 |
| Zoning Information | 4600 |
| Year Built | 1926 |
| Type of Property | Quadruplex |
| Style | Quadruplex |
| Building Name | HIGH SCHOOL PK TRACK |
| Development Name | HIGH SCHOOL PK TRACK |
| Construction Type | Concrete Block Construction,CBS Construction,Stucco |
| Stories Number | 1.000 |
| Street Direction | North West |
| Listed with | The Keyes Company |