1725 59Th St Miami, FL 33142
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 1725 59Th St
- Year built
- 1934
- Property type
- Small apartment buildings
Description
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.
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
- -80.225792
- Latitude
- 25.8291975
