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Treetop Towers Condo 7420 SW 59th Ave 7 Unit Apartment Building $4,842,425 CAD ($691,775 CAD/Unit) South Miami, FL 33143
Investment Highlights
- Transit Sustainable Development District (TSDD) - Bonus Density for Redevelopment
- Major Rental Income Upside Potential
- Walkability to Downtown South Miami
- Proximity to Significant Planned Developments
Executive Summary
A well-located 7-unit multifamily asset in the City of South Miami's TSDD (TSNA) subdistrict with strong rental demand and immediate upside through light, non-disruptive improvements executed primarily at unit turnover. The property is held as 7 individual condominium units under a single condominium association, all owned by a sole owner.
The site benefits from dual frontage — SW 59th Ave (Main Street) and SW 59th Ct (Secondary) — and a by-right mid-rise redevelopment framework that supports a long-term repositioning strategy. Investors can target near-term NOI growth while preserving a redevelopment path on a 3–5 year horizon, subject to final design, parking, and required approvals.
Contact Miguel Solis or Brandon Sors (305-904-0974) for Offering Memorandum, Financials, and more information.
The site benefits from dual frontage — SW 59th Ave (Main Street) and SW 59th Ct (Secondary) — and a by-right mid-rise redevelopment framework that supports a long-term repositioning strategy. Investors can target near-term NOI growth while preserving a redevelopment path on a 3–5 year horizon, subject to final design, parking, and required approvals.
Contact Miguel Solis or Brandon Sors (305-904-0974) for Offering Memorandum, Financials, and more information.
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Storage Space
- Washer/Dryer
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Freezer
- Pantry
- Patio
- Porch
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Trash Pickup - Curbside
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 954 |
| 2+1.5 | 3 | - | 1,022 - 1,024 |
| 2+2 | 1 | - | 1,024 |
| 1+2 | 1 | - | 1,933 |
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Exceptionally walkable
90/100
Fairly drivable
50/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $3,354,294 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$3,354,294 CAD
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Treetop Towers Condo | 7420 SW 59th Ave
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