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193 58th St, Miami, FL 33127
Oferta:
En venta
Ubicación:
Miami, FL 33127
Estado:
En venta
$3,000,000
Detalles
Año de construcción:
1926
Tamaño del terreno:
6,500 pies²
Días en el mercado:
92
Tipo:
Multifamiliar
MLS ID
A12011306
Tour virtual:
Publicado por:
Fausto Commercial Realty Consultants Inc (FAUS01)
Listing office phone:
Listing office email:
Agente del listado:
Vicente Rodriguez (3289280)
Descripción
15-UNIT VALUE-ADD EXTENDED-STAY
OPPORTUNITY
Fausto Commercial Realty is pleased to present
193 NW 58th Street, a 15-unit multifamily asset in
Miami’s improving Little River / Model City
corridor, just east of NW 2nd Avenue. Built in
1926 on a 6,500 SF lot, the two-story property is
legally operating as 15 units and currently runs
as a high-occupancy extended-stay / hostel-style
operation. The asset is renovated, well-
maintained, and benefits from strong demand
due to proximity to Wynwood, Midtown, the
Design District, and Miami International Airport.
As-is, the property collects approximately
$20,600/month ($247,200/year) with estimated
expenses of ~30%, producing an in-place NOI of
$173,040. At the $3,250,000 asking price, the
offering reflects a 5.32% cap rate with stable
cash flow.
Value-add upside includes adding 12 bathrooms
(one per unit) for an estimated $180,000 to
convert the asset into 15 self-contained Airbnb
units. Under conservative assumptions ($135
ADR, 65% occupancy, 40% expenses), projected
NOI is approximately $288,000, equating to an
~8.4% pro-forma cap rate on total cost—driven
by operational improvement rather than
speculative rent growth.
Historial de precios
$3,000,000 → $3,000,000
· 1 cambios de precio
Ubicación
193 NW 58th StMiami, FL 33127
Información del MLS
Last updated Jul 16, 2026
Deemed reliable but not guaranteed.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
