2412 NW 58th St - Apartments FOR SALE


Miami, FL 33142- Brownsville
$5,120,000 USD
786-367-0508
2412 NW 58th St, Miami, FL for Sale
$5,120,000 USD
Apartments - FOR SALE
1/22
null | Request Cap Rate

2412 NW 58th St
Miami, FL 33142
Brownsville


HIGHLIGHTS

  • Located in an Opportunity Zone, providing significant tax incentive potential for qualifying investors
  • Composed of 32 apartment units across a single-level garden-style layout on a 1.41-acre lot
  • Desirable location near major highways, just minutes from Miami International Airport, Downtown, and Wynwood
  • Positioned in a neighborhood with continual rental demand and strong occupancy trends within the Miami metro area
  • The restrictive rent agreement is set to expire in October. Upon expiration, the property will be able to charge market rents.
  • Property have completed their 40-year recertification.

OVERVIEW

This 32-unit apartment community in Miami offers a rare investment opportunity in a federally designated Opportunity Zone, allowing potential buyers to access tax advantages while capitalizing on the growing rental demand in South Florida. Spanning over 24,000 square feet on a 1.41-acre site, the property includes a mix of one-bedroom units and features on-site property management, 24-hour access, and proximity to public transportation. The centrally located asset provides convenient access to major roadways such as I-95 and SR 112, connecting residents quickly to Downtown Miami, Wynwood, and Miami International Airport. Situated in Brownsville, this submarket benefits from strong tenant demand driven by employment hubs, nearby healthcare facilities, and expanding retail corridors. The community includes essential amenities such as air conditioning, heating, and in-unit appliances. Current operational performance, coupled with potential value-add strategies, makes this property well-positioned for both steady income and long-term appreciation.

FOR SALE DETAILS

PRICE

$5,120,000 USD

PRICE/SF

$210 USD /SF

# OF UNITS

32

PRICE/UNIT

$160,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.41 AC

LAND SF

61,622 SF

ZONING

5700

APN/PARCEL ID

30-3115-028-0020

ASK ABOUT THIS PROPERTY

Patricia DillardThe NDI Group Inc.More Info
786-367-0508

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Patricia DillardThe NDI Group Inc.More Info
786-367-0508

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.