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    2180 59Th St Miami, FL 33142

    For Sale
    $740,000

    High-Yield Duplex, Updated, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional Miami multifamily property presents a compelling investment opportunity. The 1-story, 1956-built duplex, located at 2180 NW 59th St, Miami, FL 33142, offers significant income potential. Boasting a total of six bedrooms and three bathrooms spread across two units, the property is currently generating substantial rental income. Unit 1, a 3-bedroom, 2-bathroom apartment, commands a monthly rent of $2,700, while Unit 2, a 3-bedroom, 1-bathroom unit, rents for $2,500 per month. Recent upgrades enhance the property's value and appeal, including new flooring, impact-resistant windows, a central air conditioning system, in-unit washers and dryers, updated plumbing, and renovated bathrooms. The property's strong net operating income (NOI) makes it an attractive investment. Its convenient location in a rapidly developing area of Miami-Dade County provides easy access to major highways and Downtown Miami, further enhancing its investment potential. The asking price for this income-producing asset is $740,000. This is a rare chance to acquire a well-maintained, high-performing multifamily property in a thriving Miami neighborhood.

    Property Features for 2180 59Th St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1956
    Stories
    1
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    BalTroik Group, LLC Barber Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2323492
    Latitude
    25.8284739

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    FAQs

    What type of property is this?
    Multifamily property - High-Yield Duplex, Updated, Prime Location
    Where is this multifamily property located?
    The property is located at 2180 59Th St Miami, FL.
    What is the asking price?
    The asking price for this property is $740,000.
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    2180 59Th St Miami, FL 33142
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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
    2180 59Th St Miami, FL 33142
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