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$ 3,650,000

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Active

1261 NW 59th ST Miami, FL 33142

10,485 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,485 sqft

Price per Sqft $348

MLS Listing ID F10556385

Maintenance Fees $7,200

HOA Y/N No

Year Built 1957

Annual Tax Amount $35,705

Tax Year 2025

Lot Size 10,598 Sqft

Acres 0.2433

Property Sub-Type Multi Family

Property Description

City Apartments is an 18-unit multifamily property located at 1261 NW 59th Street, Miami, Florida 33142. Built in 1957, the property totals 10,485 square feet and sits on a 0.24 acre lot. The unit mix consists of twelve one-bedroom/one-bathroom units averaging 500 square feet and six two bedroom / one-bathroom units averaging 590 square feet. The property features wall-unit air conditioning, and separate electric meters for all units, reducing ownership expenses and simplifying operations. Strategically located in the heart of Miami's Liberty City neighborhood, City Apartments benefits from extensive ongoing redevelopment and reinvestment in the surrounding area. The property is positioned near the Liberty Square redevelopment, a $300+ million public-private partnership transforming the historic neighborhood with over 1,400 new mixed-income housing units, retail, and community spaces. It is also minutes from the Miami Innovation District, Wynwood, Allapattah, and the Miami Health District, all major employment and growth drivers contributing to strong rental demand and steady population inflow. With modernized building systems, and proximity to several large-scale development projects reshaping Miami's urban core, City Apartments represents an outstanding opportunity to acquire a stabilized, cash-flowing asset with long-term appreciation potential in one of the city's most active redevelopment corridors.

Location

State FL

County Miami-dade

Direction I95 to NW 62nd St. Go west to NW 12th Ave. Go south to NW 59th St then West

Interior

Flooring Vinyl

Exterior

Exterior Feature Fence

Roof Type Concrete

Total Parking Spaces 18

Private Pool Yes

Building

Story 3

Sewer Public Sewer

Water Public

Structure Type Block

Others

Senior Community No

Tax ID 01-31-14-043-1130

Security Features Fire Alarm,Smoke Detector(s)

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Virtual Tour https://www.propertypanorama.com/1261-NW-59th-St-Miami-FL-33142/unbranded

Miami Association of Realtors (SEFMIAMI MLS)

Listed by Home Sold Realty LLC

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