561$1,100,000
35 NE 59th StreetMiami, FL 33137
MLS# RX-11078577
Status: Active Under Contract
3704 sqft
1 / 8
Property Description
Recently Renovated Turnkey Investment - Fully Occupied Quadplex in Prime Miami Location Welcome to 35 NE 59th Street, Miami, FL 33137 - a rare chance to a quadplex in one of Miami's fast-growing neighborhoods. This income-producing property offers four spacious 2-bed, 1-bath units, each over 800 sq ft. All units are fully occupied with long-term tenants, delivering stable cash flow from day one. Located just two blocks from Toussaint Louverture Elementary and close to public transit, parks, and more. The street benefits from strong police presence, adding peace of mind for tenants and owners. Ideal for investors seeking steady returns and future upside, this turnkey asset is ready to go.
Details
Maps
Contract Information
Listing Date: 2025-04-04
Status: Active Under Contract
Original List Price: 1100000
Auction: No
List Price: $1,100,000
Current Price: $1,100,000
List Price/SqFt: 296.97
Negotiable Seller Concessions YN: Yes
General Property Description
Type: Quad Plex
Structure Type: Quadruplex
Total # of Units: 4
Property Condition: Resale
Year Built: 1947
Number of Stories: 2
SqFt - Total: 3704
SqFt - Living: 3704
SqFt Source: Floor Plan
Gated Community: No
Homeowners Assoc: None
Subdivision: ROCKMOOR VILLA TRACK
Lot SqFt: 5100
Waterfront: No
Private Pool: No
Pets on Premises: No
Separate Elec Meters: Yes
Separate Wtr Meters: Yes
Location Tax Legal
Area: 2310
County: Miami-Dade
Parcel ID: 0131130510580
Street #: 35
Street Dir: NE
Street Name: 59th
Street Suffix: Street
Zip Code: 33137
Legal Desc: 13 53 41 ROCKMOOR VILLA TR PB 4-182 LOT 18 BLK 6 LOT SIZE 50.000 X 102 OR 16342-4166 0494 1
Geo Lat: 25.82988
Geo Lon: -80.195626
Status Change Info
Under Contract Type: Active Under Contract
Under Contract Date: 2025-05-12
Unit 1 Info
Bedrooms: 2
Full Bath: 1
Furnished: No
SqFt: 800
Monthly Income: 1880
Unit 2 Info
Bedrooms: 2
Full Bath: 1
Furnished: No
SqFt: 800
Monthly Income: 1700
Unit 3 Info
Bedrooms: 2
Full Bath: 1
SqFt: 800
Monthly Income: 1800
Unit 4 Info
Bedrooms: 2
Full Bath: 1
SqFt: 800
Monthly Income: 1800
Income Expenses
Annual Total Expense: 84117.21
Annual Net Oper Inc: 8892.04
Property Features
Source of Expenses: Books; Owner
Construction: Concrete
Waterfront Details: None
Unit 1 Desc: A/C Unit; Dishwasher; Disposal; Dryer; Kitchen; Laundry; Pantry; Range - Electric; Refrigerator; Smoke Detector; Washer
Unit 1 Parking: None
Unit 2 Desc: A/C Unit; Dishwasher; Disposal; Dryer; Kitchen; Laundry; Microwave; Refrigerator; Washer
Unit 2 Parking: None
Unit 3 Desc: A/C Unit; Dishwasher; Dryer; Kitchen; Laundry; Microwave; Refrigerator; Washer
Unit 3 Parking: None
Unit 4 Desc: A/C Unit; Dishwasher; Disposal; Dryer; Kitchen; Laundry; Microwave; Range - Electric; Refrigerator; Washer
Unit 4 Parking: None
Lot Description: < 1/4 Acre
Exterior Features: Fence; Open Balcony
Tenant Pays: Cable; Electric; Water
Restrict: 1 Pet
Flooring: Linoleum
Cooling: Wall-Win A/C
Heating: Electric; Window/Wall
Roof: Comp Shingle
Terms Considered: Cash; Conventional
Utilities: Cable; Public Sewer; Public Water
Storm Protection: None
Taxes: City/County
Avail Info: Accounting; Deposit; Leases; Service Contracts
Possession: At Closing
Contingencies: Appraisal; Financing; Inspection
Listing Office: Partnership Realty Inc.
Last Updated: May - 13 - 2025
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2024 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
Wednesday 14th of May 2025 12:12 PM
561
