1261 59th St , for Sale

1261 59th St for Sale

Price $3,900,000.00

• Lot size 10600
• Year Build 1957
• Waterfront
• Zip 33142
• Style
• Parking Description
• Pool Yes
• Status Active

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 SF building sits on a 10,600 SF lot. Perfect for long-term investors seeking steady cash flow and significant appreciation potential in a rapidly growing area.

14 53 41 ORCHARD VILLA EXT PB 17-55 LOTS 24 AND 25 BLK 6 LOT SIZE 100.000 X 106 OR 12425-1653 0185 4

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 SF building sits on a 10,600 SF lot. Perfect for long-term investors seeking steady cash flow and significant appreciation potential in a rapidly growing area.

City:Miami,Zoning:3901,List A O R:A-Miami Association of REALTORS,Latitude:25.8299987,List Price:3900000,Listing Id:A11854941,Longitude:-80.2178792,Mls Status:Active,Year Built:1957,Postal Code:33142,Street Name:59th St,Coordinates:1:25.8299987,Photos Count:6,Business Type:1:Residential-Multi-Family,Days On Market:10,Listing Terms:1:Conventional/Refinance,Lot Size Units:Square Feet,M I A M I R E_ Area:31,On Market Date:2025-07-28,Parcel Number:01-31-14-043-1130,Property Type:Commercial Sale,Street Number:1261,Public Remarks: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 SF building sits on a 10,600 SF lot. Perfect for long-term investors seeking steady cash flow and significant appreciation potential in a rapidly growing area.,County Or Parish:Miami-Dade County,List Office Name:Fausto Commercial Realty Consultants Inc,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:2623,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:NW,Tax Annual Amount:32940,Unparsed Address:1261 NW 59th St, Miami FL 33142,Listing Agreement:Exclusive Right To Sell,Building Area Total:9454,Building Area Units:Square Feet,Lot Size Square Feet:10600,Original List Price:3900000,Public Survey Range:31,I D X Participation Y N:1,Syndication Remarks: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 SF building sits on a 10,600 SF lot. Perfect for long-term investors seeking steady cash flow and significant appreciation potential in a rapidly growing area.,Listing Contract Date:2025-07-28,Originating System I D:miamire,Public Survey Section:14,Showing Instructions:Call Listing Agent,Street Number Numeric:1261,Tax Legal Description:14 53 41 ORCHARD VILLA EXT PB 17-55 LOTS 24 AND 25 BLK 6 LOT SIZE 100.000 X 106 OR 12425-1653 0185 4,Public Survey Township:31,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Renovated 18-unit multifamily in a prime Opportunity Zone with a 7% cap rate in a growing area, 6 2/1 units and 12 1/1 units on a 10,600 SF lot,Contract Status Change Date:2025-07-28,Internet Address Display Y N:1,Number Of Units In Community:18,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,