323 NW 56th Ave, Miami, Florida, United States, 33126

770,000
for Sale

About the property:

INVESTORS; HOUSEHACKERS & HOMEBUYERS! Pristine, fully updated compound in Miami’s urban core—5 mins to MIA and near Coral Gables, Brickell, Coconut Grove, Wynwood, 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, 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. On long-term leases, it has a potential to generate a stable total cash flow of $7,500/mo, yielding a true 7.95% CAP rate. For Airbnb use, it is projected to gross $110K–$148K+/yr with 11.39% CAP rate, heavily driven by its premium airport proximity. This pristine and centrally located compound offers unmatched value for investors and end users alike.
Property Type:
Multi Family Home
Status:
for Sale
House Style:
Detached
Square Feet:
1345
Central A/C:
Yes
Central A C Details:
Central Air, Electric, Other, Zoned
Water:
Municipal Water
Garage And Parking:
7
Heating:
Central, Electric
Exterior:
Exterior Lights, Fruit Trees, Room For Pool
Association Fee:
0
Is Pool:
Yes
Is Garage:
Yes
Is Den:
Yes
Is Fruit Trees:
Yes
Is Investment:
Yes
Listing ID:
A12053829

Rooms

Dimensions

Brokered by:
Keller Williams Capital Realty
Presented By: