1815 NW 58th St, Miami, FL 33142

Rare Multi-Family Gem in Miami’s 33142! Investment Opportunity with No HOA!

Discover the significant income potential at 1815 NW 58th St, Miami, FL 33142. This multi-family property, originally built in 1946 (per public records) and encompassing approximately 2,153 sqft (often configured as 3 beds/3 baths, though verify unit count and specific layouts), is positioned as an exceptional value-add investment. While your provided data notes 2 beds/2 baths and 504 sqft, this likely refers to a single unit or an older record. The property is offered at $525,000 (estimated refinance payment: $3,476/mo).

Enjoy the substantial benefit of NO HOA FEES, maximizing your potential rental income. The Miami 33142 market is currently a “Buyer’s Market” with median home prices around $450K-$475K and 2-bedroom properties averaging $336K, indicating a strong opportunity for a well-priced multifamily asset. Property taxes for 2024 were $4,700. Situated in a vibrant Miami neighborhood, this property offers proximity to local amenities and transportation. This is an ideal canvas for investors looking to renovate and capitalize on Miami’s robust rental demand. Prospective buyers should conduct thorough due diligence, including verifying unit configurations, total square footage, and flood zone status (flood insurance will likely be required).