321 NW 56th Ave, Miami, FL, 33126
321 NW 56th Ave, Miami, FL, 33126 - Image 2321 NW 56th Ave, Miami, FL, 33126 - Image 3321 NW 56th Ave, Miami, FL, 33126 - Image 4321 NW 56th Ave, Miami, FL, 33126 - Image 5

321 NW 56th Ave, Miami, FL, 33126

4 bedrooms · 3 baths · 1,345 sq.ft.

INVESTORS: rented to excellent tenants! Pristine, fully updated single-family compound in Miami's urban core-5 mins to MIA & near Coral Gables, Brickell, Coconut Grove, Wynwood, the cruise terminal and beaches. This property features a modern 3-bedroom, 1-bathroom primary residence plus flexible separate living quarters, offering a high-yield investment or a versatile multi-generational estate. Live in the primary home and keep family close, use the additional space as private guest suites, or utilize them for solid income potential. The roof is brand new (=lower property insurance), and everything else is like-new including A/C, plumbing, electric, hurricane impact windows and doors. The primary home features a bright open layout, a chef's kitchen with cabinets to the ceiling, laundry room, and an upgraded bath with a fresh feel. The exterior boasts luxury travertine tile accents, a secure side gate for boat parking, a massive circular and another driveway with parking for up to 7 cars, and a separate 90 sq ft unfinished side storage room offering additional potential to expand your income or living space. For investors, this turnkey gem is a cash-flow goldmine with uncapped flexibility. Long-term leases: projected income is $6,200/mo, a 6.57% CAP rate. Airbnb use: it is projected to gross $90K-$120K+/yr with 10.47% CAP rate, heavily driven by its premium airport proximity. This pristine and centrally located compound offers unmatched value for investors and end users alike.

Information

Property typeSingle Family
Size1,345 sq.ft.
Plot size6,760 sqft
Year built1955
Stories1
Price per sq.ft.USD 572
Last sold2023-07-14
Last sold priceUSD 530,000
CountyMiami-Dade
ZIP code33126
LocationMiami, United States

USD 770,000

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Where it's located

Miami, United States

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