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580-590 NW 58Th St Miami, FL 33127

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For Sale
$814,900

Renovated duplex featuring detached units, offering strong rental income potential.

Building Details

Year built
2008

Source: Todd Nation Agent Todd Nation

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Renovated Duplex with Detached Units

Constructed in 2008 and renovated in 2023, this duplex stands out with its detached design, providing each unit with the feel of a private single-family home. This unique layout enhances tenant demand and allows for higher rent premiums compared to traditional duplex configurations. Currently, one unit is leased to a Section 8 tenant, and the other to a long-term market-rate tenant. Section 8-approved rents in this area reach up to $3,330 per unit per month, presenting strong upside potential. With both units rented at this rate, the property could generate $79,920 in annual gross income, translating to a fair market value. Featuring low maintenance and modern, high-end finishes, this property offers a hassle-free investment.
Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Miami
County
Miami-Dade
State
Florida
Longitude
-80.18362
Latitude
25.829025

FAQs

What type of property is this?
Duplex - Renovated duplex featuring detached units, offering strong rental income potential.
Where is this duplex located?
The property is located at 580-590 NW 58Th St Miami, FL.
What is the asking price?
The asking price for this property is $814,900.
What are key features of this property?
This property features: - Detached design provides a single-family home feel, attracting stronger tenants and higher rent premiums.; - Renovated in 2023 with modern, high-end finishes, ensuring low maintenance.; - Potential for $79,920 in annual gross income with both units rented at Section 8 approved rates.
More about this property
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