580-590 NW 58th St, Miami, FL 33127
Local realty services provided by:Better Homes and Gardens Real Estate Destinations
Listed by: todd nation
Office: todd nation
MLS#:A11783338
Source:SEFMLS
Price summary
- Price:$814,900
- Price per sq. ft.:$349.14
About this home
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.
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Home facts
- Year built:2008
- Listing ID #:A11783338
- Updated:November 15, 2025 at 10:48 AM
Rooms and interior
- Living area:2,094 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Electric
Structure and exterior
- Roof:Shingle
- Year built:2008
- Building area:2,094 sq. ft.
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$814,900
- Price per sq. ft.:$349.14
- Tax amount:$10,147 (2025)
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