Updated Two-Bedroom Income
2137 SW 59th Ave Unit 2137, Miami, FL 33155
For Sale
Contact for pricing
Renovated unit with new flooring, a new AC system, and an additional split AC serving one bedroom.
Property Size1,400 SF
Price / SF$1.61
Days on Market58
Property Features for 2137 SW 59th Ave Unit 2137
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
Lot Size Square Feet: 6913
Asphalt Roof
Sewer Type: Private Septic
Percentage of Tax that is Deductable: 0
Has Central AC: 1, Wall/Window AC: 1
Rental, Sale Type: Foreclosure, Availability Date: 2026-09-14
Carport
2 Bedrooms
Built in 1947, Community Pets Allowed
Subdivision Name: Coral Way Sec C
Above Area Square Feet: 700
One Full Bath
Water Source: Municipal
Construction Type: Masonry - Concrete Block
Building Details
Year Built
Listing Agency:
Florida Realty of Miami Corp
Listed By:
Jorge Artica
(305) 598-5488
Source:
Doyle-realty
Added: Sep 14
Changed: Nov 10
Last Checked: Nov 10 at 6:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Florida Realty of Miami Corp
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential income property includes a two-bedroom, one-bath unit built in 1947. Recent improvements include fresh interior paint, new flooring, and a new AC unit, with a separate split AC serving one bedroom.
The property is located near Coral Gables and Miami International Airport. Nearby schools include West Miami Middle School, Sylvania Heights Elementary School, and South Miami Senior High School, all within the Dade County School District.
The property is located near Coral Gables and Miami International Airport. Nearby schools include West Miami Middle School, Sylvania Heights Elementary School, and South Miami Senior High School, all within the Dade County School District.
Key Highlights
- 2‑bedroom, 1‑bath unit
- New flooring and fresh interior paint
- New AC unit plus split AC in one bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,863
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,260
$517.3K
Cap Rate 7%
$369,471
$369.5K
Cap Rate 9%
$287,367
$287.4K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$50.4K $36.00/SF
− Vacancy
−$3.4K −$2.41/SF
EGI
$47.0K $33.59/SF
− OpEx
−$21.2K −$15.11/SF
NOI
$25.9K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,260
Cap Rate 7%
$369,471
Cap Rate 9%
$287,367
Alternative Uses
Best Use
Apartment 5plus
$369.5K
$323.3K – $431.1K
NOI $25,863 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$945.0K
$826.9K – $1.10M
NOI $66,151 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
583
Businesses Nearby
Explore this area
Business Placement
Demographics for 33155, FL
43,695
Population
16,046
Households
2.7
Avg Household Size
45
Median Age
37%
College-Educated
85%
High-School Grad
7.4 sq mi
ZIP Area
5,905
Density / Sq Mi
$79,271
Median Household Income
$41,919
Median Earnings
$1,871
Median Rent
$505,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Residential income properties in Miami, FL
Properties on Market for Residential income properties in Miami
Frequently Asked Questions
What type of property is this?
Residential income property - Renovated unit with new flooring, a new AC system, and an additional split AC serving one bedroom.
Where is this residential income property located?
The property is located at 2137 SW 59th Ave Unit 2137 Miami, FL.
What are key features of this property?
This property features: 2‑bedroom, 1‑bath unit; New flooring and fresh interior paint; New AC unit plus split AC in one bedroom
