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… Read More 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. Read Less
Courtesy of Home Sold Realty LLC 833-700-2782
Listing Snapshot
Days Online
57
Last Updated
Property Type
Multi Family
Square Ft.
10,485
Lot Size
0.24 Acres
Year Built
1957
MLS Number
F10556385
30 Days Snapshot Of 33142
$270k
0%
(avg) sold price
0
-100%
homes sold
117
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road frontage type: "City Street"
Building
Built in 1957, Construction materials: "Block", "CBS", Toal building area: 10485, 18 total units
Expenses
Insurance: $52,000, Maintenance: $7,200
Fence
"Fenced"
Floors
"Vinyl"
Lot
0.24 acres
Parking
"Common", 18 total parkings
Property
Zoning: 3901
Roof
"Concrete"
Security Features
"Fire Alarm"
Sewer
"Public Sewer"
Taxes
Annual amount: $35,705
Utilities
"Separate Meters"
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