Property Description
Updated 5-plex situated on a 11,600sf double lot zoned T3-0. Pro-forma 8.29% cap rate by increasing rents to market. All tenants are month to month. Property has (3) separate structures providing 3,203sf of living area. Three units are 2/1’s and two are 1/1’s. New upgrades include roof, hurricane-impact windows, plumbing, kitchen, floors and bathrooms. Little Haiti has an exciting future located minutes from Wynwood with major new projects like the Innovation District and plans to redevelop 65-acres into 5,000 workforce housing. Please DO NOT disturb tenants. Showing request approved after an offer is presented.
Features
8
Address Map
FL
Miami-Dade County
Miami
33127
442 NW 59th Ter
LITTLE HAITI
W81° 47' 45.3''
N25° 49' 48.1''
LITTLE HAITI
MLS Addon
Attached
All Cash, Conventional
1
5
Hot Water, Gardener, Sewer
2
Quadruplex, Fourplex
$6,951
2022
Municipal Water
5700
0
17/01/2024 14:21:08
442 NW 59th Ter, Miami, Florida 33127
$1,199,995
3,203 size sq.ft.
Listing ID #A11459148
Basic Details
Property Type Residential Income
Listing Type For Sale
Listing ID A11459148
Price $1,199,995
Square Footage 3,203 Sqft
Year Built 1937
Days on Market 123
Building Area 3,303 Sqft
Status Active
Property SubType Quadruplex
On Market Date 16/10/2023
MiamiInvestrealty
