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6647 SW 59th Pl
Miami, FL 33143 South Miami

$3,700,000 USD

Apartments For Sale  •  17,085 SF

Property Details

  • Property Type Apartments
  • Total Building Size 17,085 SF
  • Lot Size 0.26 AC
  • Building Class C
  • Year Built 1950
  • Cap Rate 5.06 %
  • Zoning RS-3
0 Transit Score
87 Walk Score

Highlights

Extremely Rare Opportunity To Acquire An Impeccably Maintained, 15-Unit Multifamily Asset In The Heart Of South Miami
Property Features Strong In-Place Cash Flow With The Ability To Further Increase Rents By Almost 17% With Minimal Capital Expenditures Needed
Property Features Modern And Sleek Units With Luxury Vinyl Flooring, Open Layouts, Stainless Steel Appliances, Premium Kitchen Cabinetry & Countertops
Amenities Include Mini-Split Air Conditioners, Common Laundry Facility, Designated Parking Lot & Ample Street Parking Available, And Security Fence
Strong Demographics In Neighborhood With High Average Household Income And Home Values
Robust Rental Demand Due To Large Student Population And Proximity To The University Of Miami

Property Flyers

Cap Rate: 5.06 %

Major Tenants

Tenant SF Occupied Lease End Date
Marco Bell Photo Studio

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Refrigerator
  • Oven
  • Tub/Shower

Public Transportation

Commuter RailDriveWalkDistance
South Miami (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) 1 min 8 min 0.4 mi
Dadeland North (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) 4 min - 1.7 mi
Transit/SubwayDriveWalkDistance
South Miami (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) 1 min 8 min 0.4 mi
AirportDriveWalkDistance
Miami International 21 min - 10.8 mi
Fort Lauderdale/Hollywood International 46 min - 31.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 15
Type: Surface
Included in Rent: Yes
Ryan Wold 954-312-1678 Franklin Street
Ryan Wold 954-312-1678 Franklin Street