1725 59Th StMiami, FL 33142

Property Details for 1725 59Th St

Year built

1934

Property type

Apartment buildings

Property subtype

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.

Location Insight

City

Miami

County

Miami-Dade

State

Florida

Latitude

25.8292

Longitude

-80.2258

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