1261 NORTH WEST 59TH ST, Miami
$3,900,000 USD
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| Address | 1261 NORTH WEST 59TH ST, Miami |
| Type of Property | Income / MultiFamily |
| Type of Business | Apartments, Residential-Multi-Family |
| Price | $3,900,000 |
| Property Status | Active |
| MLS Number | A11854941 |
| Property Size | 10600 |
| Lot Size | 10600 |
| Year Built | 1957 |
| Folio Number | 01-31-14-043-1130 |
| Zoning Information | 3901 |
| Days on Market | 12 |
Detailed Description: Turnkey 18-unit multifamily located in a high-demand Opportunity Zone, delivering a strong 7% cap rate. The property includes 6 spacious 2BD / 1BA units and 12 1BD / 1BA units. Zoned T4-L, the 9,454 sq.ft building sits on a 10,600 sq.ft lot. Perfect for long-term investors seeking steady cash flow and significant appreciation potential in a rapidly growing area.
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Address Information
| State | Florida |
| City | Miami |
| County | Miami-Dade County |
| Zip Code | 33142 |
| Address | 1261 NORTH WEST 59TH ST |
| Section | 14 |
| Zip Code (4 Digits) | 2623 |
Financial Information
| Price | $3,900,000 |
| Price per Foot | $0 |
| Folio Number | 01-31-14-043-1130 |
| Tax Amount | $32,940 |
Full Descriptions
| Detailed Description | Turnkey 18-unit multifamily located in a high-demand Opportunity Zone, delivering a strong 7% cap rate. The property includes 6 spacious 2BD / 1BA units and 12 1BD / 1BA units. Zoned T4-L, the 9,454 sq.ft building sits on a 10,600 sq.ft lot. Perfect for long-term investors seeking steady cash flow and significant appreciation potential in a rapidly growing area. |
Property parameters
| Living Area | 10600 |
| Lot Size | 10600 |
| Total Acreage | 0.000 |
| Zoning Information | 3901 |
| Maximum Leasable Size | 10600 |
| Year Built | 1957 |
| Type of Property | Income / MultiFamily |
| Type of Business | Apartments, Residential-Multi-Family |
| Street Direction | North West |
| Listed with | Fausto Commercial Realty Consultants Inc |