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For Sale

580 NW 58th St

580-590 NW 58th St, Miami, FL 33127

$814,900

2008 construction , renovated in 2023
A standout feature is the detached design, giving each unit the feel of a private single-family home. This unique layout attracts stronger tenant demand and allows for higher rent premiums compared to traditional duplex configurations.

Currently, one unit is leased to a Section 8 tenant and the other to a long-term market-rate tenant. Section 8-approved rents in this area are up to $3,330 per unit per month, offering strong upside potential.

With both units rented at this rate, the property would generate $79,920 in annual gross income, translating to a fair market value in the $1.05M-$1.15M range (based on comparable sales at a 7-7.5% cap rate).
With low maintenance and modern, high-end finishes, this property offers a hassle-free investment.

Studio

2,094 Sq.Ft. LIVING AREA

Todd Nation

title Broker in Charge
PHONE 305-384-1284
EMAIL [email protected]
DRE # 3404751

Features & Amenities

Area & Lot

Status For Sale
Living Area2,094 Sq.Ft.
Total Area2,334 Sq.Ft.
MLS® IDA11783338
TypeMulti-Family
YEAR BUILT2008
NeighborhoodMiami
Architecture StylesDetached

Exterior

STORIES1
roofShingle
lot featuresLess Than 1/4 Acre Lot
HEAT TYPEElectric
AIR CONDITIONINGCentral Air
sewerPublic Sewer

Financial

Sales Price$814,900
Real Estate Tax $10,147/yr
Zoning 5700

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Contact Details

1 Nation Realty

Phone

(305) 384-1284

[email protected]

Address

2655 Collins Ave Apt 407 Miami Beach, FL 33140

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