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621 NW 59th Ave, Miami FL 33126
About this home
OPPORTUNITY FOR BUYERS SEEKING A FULLY RENOVATED, INCOME-PRODUCING PROPERTY IN A HIGHLY DESIRABLE MIAMI LOCATION. THIS PROPERTY IS BEING SOLD FULLY FURNISHED, COMPLETELY EQUIPPED, AND READY FOR ITS NEXT OWNER. RECENT IMPROVEMENTS INCLUDE A NEW ROOF, NEW AIR CONDITIONING SYSTEM, UPDATED APPLIANCES, AND EXTENSIVE RENOVATIONS THROUGHOUT, PROVIDING A MODERN, MOVE-IN-READY HOME. CONVENIENTLY LOCATED NEAR MIAMI INTERNATIONAL AIRPORT, MAJOR HIGHWAYS, SHOPPING, RESTAURANTS, EMPLOYMENT CENTERS, AND OTHER KEY DESTINATIONS, THIS PROPERTY BENEFITS FROM EXCELLENT ACCESSIBILITY AND STRONG MARKET APPEAL. THE SELLER STATES THAT THE PROPERTY IS CURRENTLY GENERATING AVERAGE GROSS REVENUE OF APPROXIMATELY $18,000 PER MONTH. INCOME HISTORY AND SUPPORTING DOCUMENTATION WILL BE MADE AVAILABLE TO QUALIFIED BUYERS FOR THEIR REVIEW. THE PROPERTY INCLUDES 2/2 APT THAT MAY NOT BE PERMITTED OR LEGALLY RECOGNIZED. BUYERS ARE ADVISED TO CONDUCT THEIR OWN INDEPENDENT DUE DILIGENCE REGARDING ZONING, PERMITTED USES, LICENSING REQUIREMENTS, SHORT-TERM RENTAL REGULATIONS, FUTURE INCOME POTENTIAL, AND ALL OTHER MATTERS MATERIAL TO THEIR PURCHASE. SELLER AND LISTING BROKER MAKE NO GUARANTEES OR WARRANTIES REGARDING CONTINUED OR FUTURE INCOME OR THE BUYER'S INTENDED USE OF THE PROPERTY.
Features
- First Floor Entry
- Florida Room
- Separate Guest/In-Law Quarters
- None
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $7,585
- HOA
- None
Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
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Run the numbers
We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
Enter rent, property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.