580-590 NW 58th StMiami, FL 33127
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2008 construction , renovated in 2023 A standout feature is the detached design, giving each unit the feel of a private single-family home. This unique layout attracts stronger tenant demand and allows for higher rent premiums compared to traditional duplex configurations. Currently, one unit is leased to a Section 8 tenant and the other to a long-term market-rate tenant. Section 8-approved rents in this area are up to $3,330 per unit per month, offering strong upside potential. With both units rented at this rate, the property would generate $79,920 in annual gross income, translating to a fair market value in the $1.05M–$1.15M range (based on comparable sales at a 7–7.5% cap rate). With low maintenance and modern, high-end finishes, this property offers a hassle-free investment.
| 2 days ago | Price changed to $784,900 | |
| 2 days ago | Listing updated with changes from the MLS® | |
| a week ago | Status changed to Active | |
| 8 months ago | Listing first seen on site |
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