1261 NW 59th Street, Miami, FL 33142
$3,650,000
Property Type:
Commercial Sale
Square Footage:
10,485
Status:
Active
Current Price:
$3,650,000
List Date:
3/05/2026
Last Modified:
5/19/2026
Listing Details MLS# F10556385
General Property Information
- Number Of Buildings
- Yes
- Property Sub Type
- Multi Family
- Number Of Units Total
- 18
- Price Per Unit
- 202778
- Building Area Main
- 10485
- Year Built
- 1957
- Parking Total
- 18
- Lot Size Area
- 10600
- Lot Size Acres
- 0.24
- Stories Total
- 3
- Leasable Area
- 10485
Property Features
Business Type:
Commercial
Ceiling:
Plastered
Common Area Maintenance Includes:
Interior Electric
Electric:
Separate Meters
Fencing:
Fenced
Flooring:
Vinyl
Location of Property:
City Location
Parking Features:
Common
Possession:
Close Of Escrow
Property Condition:
Resale
Sale Includes:
Land
Construction Materials:
Block; CBS
Listing Terms:
1031 Exchange; Cash; Conventional
Road Frontage Type:
City Street
Roof:
Concrete
Security Features:
Fire Alarm
Sewer:
Public Sewer
Water Source:
Public
Showing Requirements:
24 Hour Notice
Contract Information
- Comp Sale YN
- No
- Original List Price
- 3650000
- Owner Phone
- 954-245-3445
- Listing Service
- Limited Service
Location and Legal
- Country
- United States
- County Or Parish
- Miami-Dade
- County Parish Name
- Miami-Dade
- Street Number
- 1261
- Street Direction Prefix
- NW
- Street Name
- 59th
- Street Suffix
- Street
- City Name
- Miami
- Municipal Code
- Yes
- State Or Province
- FL
- Postal Code
- 33142
- Area
- 2310
- Parcel Number
- 0131140431130
- Subdivision Number
- 43
- Zoning
- 3901
- Directions
- I95 to NW 62nd St. Go west to NW 12th Ave. Go south to NW 59th St then West
Financial Information
- Tax Annual Amount
- 35705
- Tax Year
- 2025
- Tax Assessed/SOH Value
- 1900000
- Tax Legal Description
- 14 53 41 ORCHARD VILLA EXT PB 17-55 LOTS 24 AND 25 BLK 6 LOT SIZE 100.000 X 106 OR 12425-1653 0185 4
- Assessor Market Value
- 1900000
Status Change Information
- Major Change Timestamp
- 2026-03-05T05:00:00Z
- Major Change Type
- New Listing
- Status Change Date
- 2026-03-05
More Information
Building and Property Details
- # Of Tenants
- 18
- Improvement Height
- 3-5 Stories
Distance To Information
- Miles to Expressway
- Yes
Meter Information
- Number Of Meters Total
- 36
Short Sale Details
- Short Sale Addendum
- No
Income and Expenses
- Gross Income
- 408618
- Gross Scheduled Income
- 466560
- Insurance Expense
- 52000
- Maintenance Expense
- 7200
- Manager Expense
- 20431
- Net Operating Income
- 154418
- Operating Expense
- 154418
- Other Income
- 9450
- Real Estate Taxes
- 35705
- Trash Expense
- 6600
- Utilities Expense
- 5460
- Vacancy Allowance Rate
- 4
- Occupancy Percentage
- 100
Description of Unit Type 1
- Unit Type
- 1 Bedroom
- Units Total
- 12
- Half Baths
- Yes
- Furnished
- No
- Annual Rent
- 1700
Description of Unit Type 2
- Units Total
- 12
- Half Baths
- Yes
- Furnished
- No
- Annual Rent
- 1950
Description of Unit Type 3
- Unit Type
- 2 Bedroom
- Units Total
- 6
- Half Baths
- Yes
- Furnished
- No
- Annual Rent
- 2200
Price Calculations
- Current Price To SqFt
- 348.12
Section Details
- Parcel Number MLX
- 1130
Originating Details
- Originating System Key
- 611112263
- Originating System ID
- M00000170
Office/Member Information
- DXORIGMLSID
- FLL
Electric
- Separate Meters
- Yes
Flooring
- Vinyl
- Yes
Parking Features
- Common
- Yes
Property Condition
- Resale
- Yes
Fencing
- Fenced
- Yes
Location of Property
- City Location
- Yes
Possession
- Close Of Escrow
- Yes
Sewer
- Public Sewer
- Yes
Business Type
- Commercial
- Yes
Ceiling
- Plastered
- Yes
Common Area Maintenance Includes
- Interior Electric
- Yes
Sale Includes
- Land
- Yes
Construction Materials
- Block
- Yes
- CBS
- Yes
Listing Terms
- 1031 Exchange
- Yes
- Cash
- Yes
- Conventional
- Yes
Road Frontage Type
- City Street
- Yes
Roof
- Concrete
- Yes
Security Features
- Fire Alarm
- Yes
Water Source
- Public
- Yes
Showing Requirements
- 24 Hour Notice
- Yes
Documents
*IMPORTANT PLEASE READ* ›
Listing Office:
Home Sold Realty LLC
Last Updated: May - 19 - 2026
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 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.