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29145115
29145126

6647 SW 59th Pl, South Miami, FL 33143 For Sale

DD
FL FL SL3341163
Franklin Street Tampa
RW
FL FL 3424080
Franklin Street Tampa
AL
SL3511365
Franklin Street
Listed by Franklin Street Tampa, Franklin Street
Unpriced
193 days on market
Updated 87 days ago
Under Contract Opportunity zone

Hurricane Flats

Details
APN 09-4025-028-0220
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,085
Net Rentable (SqFt) 6,249
Units 15
Occupancy 100%
Class C
Year Built 1950
Buildings 1
Stories 2
Acreage 0.260
Zoning RS-4-SINGLE FAMILY RESIDENTIAL
Investment Type Value Add

15 Units

Marketing description

Hurricane Flats presents a rare investment opportunity in the highly desirable South Miami market. This 7,085-square-foot multifamily property features 15 well-maintained units housed within a charming, mid-century building originally constructed in 1950. The property’s design embodies the classic low-rise, garden-style aesthetic, offering residents a comfortable and efficient living environment that continues to attract steady demand year after year.

Currently operating at 100% occupancy, Hurricane Flats provides investors with an immediate and stable income stream. The unit mix and layout maximize rentable area while maintaining a balanced operational scale ideal for hands-on or portfolio investors alike. The property has been consistently maintained, allowing for seamless management and minimal downtime between tenancies, underscoring its strong performance history and long-term reliability as an income-producing asset.

Situated on a parcel zoned RS-4 Single Family Residential, the property offers flexible investment potential—whether held for stable multifamily cash flow, future redevelopment, or as part of a long-term land banking strategy. Its size, stability, and enduring tenant demand make Hurricane Flats a unique opportunity to acquire a high-performing asset in one of Miami-Dade’s most consistently sought-after residential submarkets.

Nestled in the heart of South Miami, the area surrounding Hurricane Flats offers a vibrant blend of urban convenience and small-town charm. Known for its lush tree-lined streets, walkable neighborhoods, and proximity to major employment and education hubs, South Miami has long been one of the most desirable submarkets in the Greater Miami area. The neighborhood benefits from excellent connectivity via U.S. 1 and the nearby South Miami Metrorail Station, providing easy access to Coral Gables, Downtown Miami, and the wider metropolitan region.

Just steps away, residents and visitors enjoy the lively Downtown South Miami district, a bustling destination filled with boutique shops, trendy restaurants, and local favorites like Whip ‘n Dip Ice Cream, Town Kitchen & Bar, and Deli Lane Café. The nearby Shops at Sunset Place anchors the area with entertainment, retail, and dining options, while lush green spaces such as Fuchs Park and Palmer Park provide a relaxed suburban atmosphere perfect for families and young professionals alike.

The location also benefits from its close proximity to major educational and medical institutions, notably the University of Miami, Larkin Community Hospital, and South Miami Hospital. This steady demand from students, healthcare professionals, and university staff helps support strong rental fundamentals and low vacancy rates. Combined with South Miami’s reputation for stability, walkability, and long-term growth, the area surrounding Hurricane Flats represents a prime opportunity for multifamily investors seeking both dependable income and strong appreciation potential.

Investment highlights

  • Extremely Rare Opportunity To Acquire An Impeccably Maintained, 15-Unit Multifamily Asset In The Heart Of South Miami
  • Property Features Strong In-Place Cash Flow With The Ability To Further Increase Rents By Almost 17% With Minimal Capital Expenditures Needed
  • Property Features Modern And Sleek Units With Luxury Vinyl Flooring, Open Layouts, Stainless Steel Appliances, Premium Kitchen Cabinetry And Countertops, Etc.
  • Amenities Include Mini-Split Air Conditioners, Common Laundry Facility, Designated Parking Lot & Ample Street Parking Available, And Security Fence
  • Strong Demographics In Neighborhood With High Average Household Income And Home Values
  • Robust Rental Demand Due To Large Student Population And Proximity To The University Of Miami
  • Prime South Miami Location Within Walking Distance To The University Of Miami Campus And The Metro Rail, Providing Easy Access To Coral Gables, Coconut Grove, Downtown Miami, And More
  • Located Just Off Bird Rd And US-1 Providing Easy Access To Anywhere In Miami-Dade And Abroad Via The Palmetto Expressway (SR-826) And I-95

Listing Contacts

DD
FL FL SL3341163
Franklin Street Tampa
RW
FL FL 3424080
Franklin Street Tampa
AL
SL3511365
Franklin Street
Listed by Franklin Street Tampa, Franklin Street

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$187,399.00
$15,616.58/mo

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Additional Information

Name
Dan Dratch
License
FL SL3341163
Name
Ryan Wold
License
FL 3424080
Brokerage
Franklin Street
Brokerage Phone
8138397300
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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