Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

945 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Hurricane Flats 6647 SW 59th Pl 15 Unit Apartment Building $3,700,000 ($246,667/Unit) 5.06% Cap Rate Miami, FL 33143

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

INVESTMENT HIGHLIGHTS

Extremely Rare Opportunity To Acquire An Impeccably Maintained, 15-Unit Multifamily Asset In The Heart Of South Miami
Property Features Modern And Sleek Units With Luxury Vinyl Flooring, Open Layouts, Stainless Steel Appliances, Premium Kitchen Cabinetry & Countertops
Strong Demographics In Neighborhood With High Average Household Income And Home Values

Property Features Strong In-Place Cash Flow With The Ability To Further Increase Rents By Almost 17% With Minimal Capital Expenditures Needed
Amenities Include Mini-Split Air Conditioners, Common Laundry Facility, Designated Parking Lot & Ample Street Parking Available, And Security Fence
Robust Rental Demand Due To Large Student Population And Proximity To The University Of Miami

EXECUTIVE SUMMARY

Hurricane Flats presents a rare investment opportunity in the highly desirable South Miami market. This 7,085-square-foot multifamily property features 15 well-maintained units housed within a charming, mid-century building originally constructed in 1950. The property’s design embodies the classic low-rise, garden-style aesthetic, offering residents a comfortable and efficient living environment that continues to attract steady demand year after year.
Currently operating at 100% occupancy, Hurricane Flats provides investors with an immediate and stable income stream. The unit mix and layout maximize rentable area while maintaining a balanced operational scale ideal for hands-on or portfolio investors alike. The property has been consistently maintained, allowing for seamless management and minimal downtime between tenancies, underscoring its strong performance history and long-term reliability as an income-producing asset.
Situated on a parcel zoned RS-4 Single Family Residential, the property offers flexible investment potential—whether held for stable multifamily cash flow, future redevelopment, or as part of a long-term land banking strategy. Its size, stability, and enduring tenant demand make Hurricane Flats a unique opportunity to acquire a high-performing asset in one of Miami-Dade’s most consistently sought-after residential submarkets.

Flyer_Hurricane_Flats_FranklinSt_2025 (1)

PROPERTY FACTS

Price	$3,700,000	Building Class	C
Price Per Unit	$246,667	Lot Size	0.26 AC
Sale Type	Investment	Building Size	17,085 SF
Cap Rate	5.06%	Average Occupancy	100%
No. Units	15	No. Stories	2
Property Type	Multifamily	Year Built	1950
Property Subtype	Apartment	Parking Ratio	2.12/1,000 SF
Apartment Style	Low-Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RS-3 - Residential Multi-Family

Price	$3,700,000
Price Per Unit	$246,667
Sale Type	Investment
Cap Rate	5.06%
No. Units	15
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.26 AC
Building Size	17,085 SF
Average Occupancy	100%
No. Stories	2
Year Built	1950
Parking Ratio	2.12/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RS-3 - Residential Multi-Family