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1261 NW 59th St
Miami, FL 33142
Multifamily Property For Sale
·
18 Units
Investment Highlights
- True Value Add Apartment Complex With Over 40% Potential Upside In Rent Through Capital Improvements, Property Currently 60% Occupied
- Through Complete Rehab of Each Unit And Exterior, New Investor Can Increase The Average Rent To $1,167
- Property Is Situated With Easy Access To NW 54th Street, I-95, I-195, And Is Just Minutes Away From Wynwood & Downtown Miami
- Attractive Unit Mix Featuring (12) One Bedroom One Bath & (6) Two Bedroom 1 Bath Units Averaging $797 In Rent Per Month
- Extremely Competitive Bridge Debt Lined Up Through Franklin Street Capital To Assist With The Acquisition And Rehab Budget
Property Facts
| No. Units | 18 | Building Size | 10,485 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1957/2022 |
| Building Class | C | Parking Ratio | 1.14/1,000 SF |
| Lot Size | 0.24 AC | ||
| Zoning | 3901 - Multi-Family Residential | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 10,485 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1957/2022 |
| Parking Ratio | 1.14/1,000 SF |
| Zoning | 3901 - Multi-Family Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Pet Play Area
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 500 |
| 2+1 | 6 | - | 700 |
Property Taxes
| Parcel Number | 01-3114-043-1130 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,756,920 |
Property Taxes
Parcel Number
01-3114-043-1130
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,756,920
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