6647 SW 59th Pl - Apartments FOR SALE


Miami, FL 33143
$3,700,000 USD
954-312-1678
6647 SW 59th Pl, Miami, FL for Sale
$3,700,000 USD
Apartments - FOR SALE
1/26
null | 5.06% Cap Rate

6647 SW 59th Pl
Miami, FL 33143


HIGHLIGHTS

  • Extremely Rare Opportunity To Acquire An Impeccably Maintained, 15-Unit Multifamily Asset In The Heart Of South Miami
  • Property Features Strong In-Place Cash Flow With The Ability To Further Increase Rents By Almost 17% With Minimal Capital Expenditures Needed
  • Property Features Modern And Sleek Units With Luxury Vinyl Flooring, Open Layouts, Stainless Steel Appliances, Premium Kitchen Cabinetry & Countertops
  • Amenities Include Mini-Split Air Conditioners, Common Laundry Facility, Designated Parking Lot & Ample Street Parking Available, And Security Fence
  • Strong Demographics In Neighborhood With High Average Household Income And Home Values
  • Robust Rental Demand Due To Large Student Population And Proximity To The University Of Miami

OVERVIEW

Hurricane Flats presents a rare investment opportunity in the highly desirable South Miami market. This 7,085-square-foot multifamily property features 15 well-maintained units housed within a charming, mid-century building originally constructed in 1950. The property’s design embodies the classic low-rise, garden-style aesthetic, offering residents a comfortable and efficient living environment that continues to attract steady demand year after year. Currently operating at 100% occupancy, Hurricane Flats provides investors with an immediate and stable income stream. The unit mix and layout maximize rentable area while maintaining a balanced operational scale ideal for hands-on or portfolio investors alike. The property has been consistently maintained, allowing for seamless management and minimal downtime between tenancies, underscoring its strong performance history and long-term reliability as an income-producing asset. Situated on a parcel zoned RS-4 Single Family Residential, the property offers flexible investment potential—whether held for stable multifamily cash flow, future redevelopment, or as part of a long-term land banking strategy. Its size, stability, and enduring tenant demand make Hurricane Flats a unique opportunity to acquire a high-performing asset in one of Miami-Dade’s most consistently sought-after residential submarkets.

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$217 USD /SF

# OF UNITS

15

PRICE/UNIT

$246,667

CAP RATE

5.06%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hurricane Flats

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

RS-3

APN/PARCEL ID

09-4025-028-0220

ASK ABOUT THIS PROPERTY

Ryan WoldFranklin StreetMore Info
954-312-1678

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Ryan WoldFranklin StreetMore Info
954-312-1678

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