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$1,100,000
New Listing

150 NE 59th St
Miami, FL 33137

For Sale|Quadruplex|Active
0
Beds
0
Total Baths
1,909
SqFt
$576
/SqFt
1947
Built
Subdivision:
DIXIE HIGHWAY TRACK
County:
Miami-Dade
Call Now: 305-390-2737
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305-390-2737
150 NE 59th St150 NE 59th St150 NE 59th St150 NE 59th St
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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 corner 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 1/2 mile 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.

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Listing Snapshot
Price 
$1,100,000
Days On Site 
0 Days
Bedrooms 
N/A
Inside Area (SqFt) 
1,909 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1947
MLS® Number 
A11933710
Status 
Active
Property Tax 
$7,872
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
18 hours agoListing first seen on site
23 hours agoListing updated with changes from the MLS®
General Features
Disclosures 
Owner Is Listing Agent
Levels 
One
Number Of Stories 
1
Property Sub Type 
Quadruplex
Sewer 
Public Sewer
SqFt Total 
1909
Style 
Fourplex
Utilities 
Cable Available
Zoning 
T5-R
Interior Features
Cooling 
Zoned
Flooring 
Vinyl
Heating 
Heat Pump
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Exterior Features
Construction Details 
Block
Pool Features 
None
Roof 
Shingle
Community Features
Financing Terms Available 
CashOwner May Carry
MLS Area 
31
Listing courtesy of Beachfront Realty Inc

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Neighborhood & Commute
Source: Walkscore
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