SQUARE FEET10,485
MLS#F10556385
STATUSActive
PROPERTY TYPECommercial - Business
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.
Property Features
Property Type: Commercial - Business
Fenced: Yes
Home Style: Commercial
Lot Size: 0.24 Acres
Roof Type: Concrete
Stories: 3.0
Taxes: $35,705
Year Built: 1957
Feature Descriptions
Days on Site: 42
Exterior: Block, CBS
Fencing: Fenced
Flooring: Vinyl
Parcel#: 01-31-14-043-1130
Parking: Common
Parking Notes: Common
Security: Fire Alarm
Sewer: Public Sewer
Units: 18
Water: Public
Listed By / Shown By
Listed By
Agency Name: Home Sold Realty LLC
Agency Phone: 833-700-2782
Shown By
Agency Title: RealtyMark
Agency Phone: 888-240-0600
1261 NW 59th Street | MLS# F10556385
This commercial property located at 1261 NW 59th Street, Miami, FL 33142 is currently listed for sale with an asking price of $3,650,000. Search Miami real estate on www.realtymarkllc.com today.