FL > Miami > Dixie Highway Track
Miami, FL 33137,150 NE 59th St
Miami, FL 33137,150 NE 59th St
Miami, FL 33137,150 NE 59th St
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Cesar Villarreal

Cesar Villarreal

+1(305) 215-2916
$1,100,000
Est. payment /mo
1,909 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,909 sqft

Price per Sqft $576

Subdivision Dixie Highway Track

MLS Listing ID A11933710

Style Fourplex

HOA Y/N No

Year Built 1947

Annual Tax Amount $7,872

Tax Year 2025

Property Sub-Type Quadruplex

Property Description

Two Duplexes - 4 fully legal corner units (no middle units) all with private outdoor spaces .Each unit features 1bed/ 1bath generating $82,800 year in gross annual income, with potential to increase to approximately 90k. Separate address and tenants pay their own utilities , minimal operating expenses. Property has Impact windows 4 water meter and 4 FPL meters . Zoned T5-R allowing development up to 5 stories and 8 units -17,825 buildable SF estimated under Miami 21 on 5.552 Sq ft lot. Located in the heart of the Innovation District neighborhood fronting 59th St and adjacent to NE 2nd Avenue ,offering stability, privacy and unique positioning. Less than 0.4 miles to the planned Innovation District Tri-Rail station (Northeast Corridor). Strong land appreciation and redevelopment potential with zoning that allows vertical growth. Across from Laundromat Art Space gallery and 1 block away from Magic City. Flood zone X. Net return 5.5% including new buyer's property taxes. Please do not disturb tenants ,all showings by appointment only.

Location

State FL

County Miami-dade

Community Dixie Highway Track

Area 31

Interior

Heating Heat Pump

Cooling Zoned

Flooring Vinyl

Exterior

Pool None

Utilities Available Cable Available

Roof Type Shingle

Private Pool No

Building

Lot Description < 1/4 Acre

Story 1

Sewer Public Sewer

Architectural Style Fourplex

Level or Stories One

Structure Type Block

Others

Tax ID 01-31-13-065-1640

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11933710

Read Less Info
Miami Association of Realtors (SEFMIAMI MLS)
Listed by Beachfront Realty Inc

Questions about this property?

Cesar Villarreal
Cesar Villarreal

TEAM LEAD | License ID: 3428680

+1(305) 215-2916

550 Biltmore Way PH 2, Coral Gables, Florida, 33134, USA

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150 NE 59th St

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