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Active - Other for sale

193 NW 58th St, Miami FL 33127

Facts & features

Other Property type
212 days on Beycome
1926 Year built

Why you’ll love it

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.

Translating description...

Listings courtesy of Fausto Commercial Realty Consultants Inc.

Listed by: Vicente Rodriguez • 786-862-8247 • Fausto Commercial Realty Consultants Inc

Co-listed by: Fausto Commercial Realty Consultants Inc

Source: Miami MLS, MLS#: A12011306 Miami MLS logo

Based on info available as of Nov 12, 2026 at 7:10 PM EST.

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Affordability

$1,950,000$4,050,000
1%20%
0%90%
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Estimated monthly payment

$15,170/mo

  • Mortgage$15,170
  • Property tax$0
  • HOA fee
  • Homeowners insurance
Due at closing$2,385,000
Down payment held in escrow$600,000
Closing costs$45,000
beycome credit Est.$60,000

Beycome estimates only. Actual amounts and terms vary by lender and location.

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About Miami

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Flood & climate risk

FEMA Flood Zone X

Outside the high-risk Special Flood Hazard Area — flood insurance is usually optional but still worth considering.

More details

Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.

Disclaimer

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Copyright ©2026. Based on information as of Nov 12, 2026 at 07:10pm EST.

$3,000,000 Listed price

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$60,000 Credit back

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