- MLS® #: A11704380
- N/a
- Miami, FL 33137-4792
- $3,200,000
- Business
- MLS® #: A12011306
- 193 Nw 58th St
- Miami, FL 33127-1657
- $3,000,000
- Business
15-UNIT VALUE-ADD EXTENDED-STAY OPPORTUNITY Fausto Commercial Realty is pleased to present 193 NW 58th Street, a 15-unit multifamily asset in Miami’s improving Little River / Model City corridor, just east of NW 2nd Avenue. Built in 1926 on a 6,500 SF lot, the two-story property is legally operating as 15 units and currently runs as a high-occupancy extended-stay / hostel-style operation. The asset is renovated, well- maintained, and benefits from strong demand due to proximity to Wynwood, Midtown, the Design District, and Miami International Airport. As-is, the property collects approximately $20,600/month ($247,200/year) with estimated expenses of ~30%, producing an in-place NOI of $173,040. At the $3,250,000 asking price, the offering reflects a 5.32% cap rate with stable cash flow. Value-add upside includes adding 12 bathrooms (one per unit) for an estimated $180,000 to convert the asset into 15 self-contained Airbnb units. Under conservative assumptions ($135 ADR, 65% occupancy, 40% expenses), projected NOI is approximately $288,000, equating to an ~8.4% pro-forma cap rate on total cost—driven by operational improvement rather than speculative rent growth.
View Virtual TourEssential Information
- MLS® #A12011306
- Price$3,000,000
- CAD Dollar$4,265,235
- UK Pound£2,266,659
- Euro€2,630,613
- Bathrooms0.00
- Year Built1926
- TypeBusiness
- Sub-TypeMulti Family
- StatusActive
Community Information
- Address193 Nw 58th St
- Area30
- CityMiami
- CountyMiami-Dade
- StateFL
- Zip Code33127-1657
- Office: Fausto Commercial Realty Consultants Inc
193 Nw 58th St on www.jupiteroceanfronthomes.us
Offered at the current list price of $3,000,000, this home for sale at 193 Nw 58th St features bedrooms and 0 bathrooms. This real estate listing is located in of Miami, FL 33127-1657 . 193 Nw 58th St is listed under the MLS ID of A12011306 and has been on the Miami real estate market for 68 days.Facts About Miami, FL
Each winter during Carnaval Miami, salsa tunes blare and the smell of spicy chorizo fills the air on Calle Ocho, the commercial thoroughfare and heart of Miami's Little Havana. The roaring street festival, which culminates in the world's longest conga line, is the last of 10 events comprising the Latin-spiked Carnaval.
Similar Listings to 193 Nw 58th St
- MLS® #: A12011267
- 1 Ne 78th St
- Miami, FL 33138-4339
- $2,600,000
- Business
- MLS® #: A11803248
- 437 Ne 30th St
- Miami, FL 33137-4381
- $3,200,000
- Business
- MLS® #: A11993957
- 2410 Nw 7th Ct
- Miami, FL 33127-4217
- $3,100,000
- 0.33 Acres
- Business
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the REALTOR® Association of Greater Miami and the Beaches, and is updated as of July 1st, 2026 at 11:26am CDT (date/time).
All information is deemed reliable but not guaranteed by the MLS and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Waterfront Properties and Club Communities shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. © 2026 MLS of RAMB.
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing