Buena Vista Gardens
$814,900
580-590 NW 58th St, Miami, FL 33127
62,800
NOI
2,334 sqft
Building Size
Details:
Highlights:
- Lot Features: Less Than 1/4 Acre Lot
- Documents Available: Deposit - Security
- Architectural Style: Detached
- Cooling: Central Air
- Heating: Electric
- Construction Materials: Concrete Block Construction
Description:
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.
Location
Gallery
