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    1725 59Th St Miami, FL 33142

    Sponsored
    For Sale
    $1,249,000

    Fourplex, 4 Units, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional multifamily investment property, located at 1725 NW 59th St, Miami, FL 33142, presents a compelling opportunity for discerning investors. The property, built in 1934, is a one-story, four-unit apartment building situated on a sizable 11,200 square foot double lot in Miami-Dade County. Offering significant potential for expansion, the building boasts a total of 3130 square feet of living space. The unit mix comprises three two-bedroom, one-bathroom units and one one-bedroom, one-bathroom unit. Currently fully rented, this property benefits from a recently installed brand new roof, minimizing immediate maintenance concerns. Its strategic location provides easy access to major transportation arteries, including State Road 112 and I-95, placing residents and investors within convenient reach of vibrant areas like Wynwood and downtown Miami. The asking price is $1,249,000, reflecting a strong value proposition in a highly sought-after Miami market. The seller is motivated, making this an attractive opportunity for a quick close. This property is ideal for both seasoned investors seeking a stable income stream and those looking to capitalize on the potential for future appreciation and expansion in a rapidly growing urban area.

    Property Features for 1725 59Th St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1934
    Stories
    1

    HighLights

    • Exceptional multifamily investment opportunity in Miami, FL.
    • Four‑unit, one‑story building on an 11,200 sq ft double lot.
    • 3,130 sq ft of living space with a mix of three 2/1 and one 1/1 units.
    • Fully rented with a new roof, minimizing immediate maintenance needs.
    • Prime location near SR 112 and I‑95, offering easy access to Wynwood and Downtown Miami.
    • Asking price: $1,249,000. Motivated seller.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.225792
    Latitude
    25.8291975

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    FAQs

    What type of property is this?
    Multifamily property - Fourplex, 4 Units, Prime Location
    Where is this multifamily property located?
    The property is located at 1725 59Th St Miami, FL.
    What is the asking price?
    The asking price for this property is $1,249,000.
    What are key features of this property?
    This property features: Exceptional multifamily investment opportunity in Miami, FL.; Four-unit, one-story building on an 11,200 sq ft double lot.; 3,130 sq ft of living space with a mix of three 2/1 and one 1/1 units.
    Request Owner's contact information
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    Miami, FL 33142
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1725 59Th St Miami, FL 33142
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