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    FOR SALE
    Apartment buildings

    180 NW 59Th St Miami, FL 33127

    Built 1926
    Property ID
    US19-0481482
    180 NW 59Th St, Miami, FL 33127 For Sale 1 / 34
    $1,300,000
    180 NW 59Th St, Miami, FL 33127
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    Property summary
    AI-generated overview

    Located in a coveted Opportunity Zone, this 5-unit multifamily property boasts over $100,000 in permitted electrical & plumbing upgrades, ensuring reliable infrastructure. Zoned T-5-R, there's great potential for higher-density mixed-use development, allowing up to 5 stories with retail, office, and residential spaces—unlocking significant value appreciation. Durable concrete block construction, there is a mix of 1, 2, and 3-Bedroom units, each with separate electric meters for tenant convenience. Spacious front & back yards, perfect for making desirable common areas for potential new tenants. Not in a flood zone, this investment offers a strong cap rate, making it a rare find in Miami’s competitive market. Bringing rents up to current market will also dramatically improve your returns! bikeScore: 58, Bikeable walkScore: 87, Very Walkable transitScore: 49, Some Transit

    Property profile
    Verified
    Property type Apartment buildings
    Year built 1926
    UPID US19-0481482
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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