1261 NW 59th ST, Miami, FL 33142
1261 NW 59th ST, Miami, FL 33142
1261 NW 59th ST, Miami, FL 33142
1261 NW 59th ST, Miami, FL 33142
1261 NW 59th ST, Miami, FL 33142
1261 NW 59th ST, Miami, FL 33142
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Spencer Bailey

Spencer Bailey

+1(507) 951-2934
$ 3,650,000
Est. payment | /mo

10,485 SqFt

Save Virtual Tour
$ 3,650,000
Est. payment | /mo
Save Virtual Tour

10,485 SqFt

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,485 sqft

Price per Sqft $348

MLS Listing ID F10556385

Construction Status Resale

HOA Y/N No

Year Built 1957

Annual Tax Amount $35,705

Tax Year 2025

Lot Size 10,454 Sqft

Acres 0.24

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

Area 2310

Zoning 3901

Interior

Interior Features InteriorFeatures

Flooring Vinyl

Fireplace No

Exterior

Parking Features Common

Fence Fenced

Water Access Desc Public

Roof Type Concrete

Road Frontage City Street

Total Parking Spaces 18

Building

Lot Description City Lot

Story 3

Sewer Public Sewer

Water Public

Structure Type Block

New Construction No

Construction Status Resale

Others

Tax ID 01-31-14-043-1130

Security Features Fire Alarm

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

BeachesMLS, Inc. (FLR) IDX
Listed by Camilo De la Cruz Perez Home Sold Realty LLC

Schools and Properties Nearby

Spencer Bailey

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(507) 951-2934

spencer.bailey507@gmail.com

Learn More About LPT Realty

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Spencer Bailey, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Tour the Home

1261 NW 59th ST