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About This Property
City Apartments is an 18-unit multifamily property located at 1261 NW 59th Street, Miami, Florida 33142. Built in 1957, the property totals 10,485 square feet and sits on a 0.24 acre lot. The unit mix consists of twelve one-bedroom/one-bathroom units averaging 500 square feet and six two bedroom / one-bathroom units averaging 590 square feet. The property features wall-unit air conditioning, and separate electric meters for all units, reducing ownership expenses and simplifying operations. Strategically located in the heart of Miami’s Liberty City neighborhood, City Apartments benefits from extensive ongoing redevelopment and reinvestment in the surrounding area. The property is positioned near the Liberty Square redevelopment, a $300+ million public-private partnership transforming the historic neighborhood with over 1,400 new mixed-income housing units, retail, and community spaces. It is also minutes from the Miami Innovation District, Wynwood, Allapattah, and the Miami Health District, all major employment and growth drivers contributing to strong rental demand and steady population inflow. With modernized building systems, and proximity to several large-scale development projects reshaping Miami’s urban core, City Apartments represents an outstanding opportunity to acquire a stabilized, cash-flowing asset with long-term appreciation potential in one of the city’s most active redevelopment corridors.
Property Features
County
Miami-Dade County
Section
14
Area
10485
Subdivision
Interior
Cooling
Bedrooms
Floors
Vinyl
Full Baths
Appliances
Heating
Style
Garage Spaces
Construction/Exterior
Concrete Block Construction, CBS Construction, Plaster
Patio / Deck Description
Exterior
Has a Pool
Possession
Lot Size in Acres
0.2433
Water
Public
Sewer
Public Sewer, Public Sanitation, Sewer
Lot Size in Sq. Ft.
10600
Has Waterfront
No
Parking Description
Common
View
Has Garage
No
Roof/Attic
Concrete
Senior Community
No
Other Utilities
Property Type
Commercial Sale
Pets
Property SubType 2
Multi Family
Tax Year
2025
Year Built
1957
Tax Amount
$35705
APN
NA
Square Feet Source
NA
Map
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