256 NW 57th Street, Miami, FL 33127
- $1,150,000
- 1,600
- SqFt
- List Price
- $1,150,000
- Status
- ACTIVE
- Days on Market
- 314
- MLS#
- A11906273
- Subtype
- Residential Income
- Year Built
- 1971
- Living Area
- 1,600
- Subdivision
- Railroad Shops Inter Scho
- MLS Area Major
- 2310
Property Description
Exceptional investment opportunity in the heart of Miami’s emerging Little Haiti corridor! This renovated duplexcombines strong STR income performance with long-term redevelopment potential as T3-O zoning. Potentialmultifamily 2–9 units. Featuring 3 beautifully updated units, modern finishes, impact windows, 2 electric meters,and a newly landscaped yard with pool area, this property has delivered an impressive $150,134 in 2024 annual gross income and a great CAP Rate above 6%. Enjoy consistent bookings from short-term rentals while benefiting from revitalization and proximity to Wynwood, the Design District, and Midtown. An ideal turn-key asset for investors seeking cash flow + appreciation upside in one of Miami’s fastest-transformingneighborhoods.
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Additional Information
- Taxes
- $12,367
- Flooring
- Terrazzo
- Heating
- Electric, Separate Meters
- Air Conditioning
- Central Air
- Exterior Construction
- Block
- Stories
- 1
- Roof
- Other
- Pool
- Yes
- Middle School
- Jose De Diego
- High School
- Miami Edison
Listing courtesy of Compass Florida LLC. Contact:
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All listings featuring the RAPB + GFLR logo are provided by the Realtors® of the Palm Beaches and Greater Fort Lauderdale, Inc. and BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2019 Realtors® of the Palm Beaches and Greater Fort Lauderdale Inc. and BeachesMLS, Inc.
Agent: Patricia Pappaterra | Email: patricia.pappaterra@gmail.com