2180 59Th St Miami, FL 33142
- Small apartment buildings
Current Use by Public Records
- BalTroik Group, LLC / Barber Shop
Property Details for 2180 59Th St
- Year built
- 1956
- Property type
- Small apartment buildings
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.2323492
- Latitude
- 25.8284739
