7420 SW 59th Ave - Apartments FOR SALE


South Miami, FL 33143
$3,500,000 USD
305-343-9554
7420 SW 59th Ave, South Miami, FL for Sale
$3,500,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

7420 SW 59th Ave
South Miami, FL 33143


HIGHLIGHTS

  • Transit Sustainable Development District (TSDD) - Bonus Density for Redevelopment
  • Walkability to Downtown South Miami
  • Major Rental Income Upside Potential
  • Proximity to Significant Planned Developments

OVERVIEW

A well-located 7-unit multifamily asset in the City of South Miami's TSDD (TSNA) subdistrict with strong rental demand and immediate upside through light, non-disruptive improvements executed primarily at unit turnover. The property is held as 7 individual condominium units under a single condominium association, all owned by a sole owner. The site benefits from dual frontage — SW 59th Ave (Main Street) and SW 59th Ct (Secondary) — and a by-right mid-rise redevelopment framework that supports a long-term repositioning strategy. Investors can target near-term NOI growth while preserving a redevelopment path on a 3–5 year horizon, subject to final design, parking, and required approvals. Contact Miguel Solis or Brandon Sors (305-904-0974) for Offering Memorandum, Financials, and more information.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$441 USD /SF

# OF UNITS

7

PRICE/UNIT

$500,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Treetop Towers Condo

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1980

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

RM-24

APN/PARCEL ID

09-4036-068-0010,09-4036-068-0020,09-4036-068-0030,09-4036-068-0040,09-4036-068-0050,09-4036-068-0060,09-4036-068-0070

ASK ABOUT THIS PROPERTY

Miguel SolisDouglas EllimanMore Info
305-343-9554

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Miguel SolisDouglas EllimanMore Info
305-343-9554

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