321 NW 56th Avenue, Miami, FL 33126
- $770,000
- 4
- BD
- 3
- BA
- 1,345
- SqFt
- List Price
- $770,000
- Status
- ACTIVE
- Days on Market
- 72
- Price Change
- ▼ $30,000 1787602139
- MLS#
- A12035229
- Subtype
- Residential
- Year Built
- 1955
- Bedrooms
- 4
- Bathrooms
- 3
- Full Baths
- 3
- Living Area
- 1,345
- Acres
- 0.16
- Subdivision
- Ideal Homes Sub No 7
- Building Name
- Ideal Homes Sub No 7
- MLS Area Major
- 2410
Property Description
INVESTORS & HOMEBUYERS! Pristine, fully updated single-family compound in Miami’s urban core—5 mins to MIA and 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. On long-term leases, projected income is $6,200/mo, a true 6.57% CAP rate. For 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.
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Additional Information
- Amenities
- None, Sidewalks, Street Lights
- Interior Features
- Built-in Features, Bedroom on Main Level, Closet Cabinetry, Eat-in Kitchen, High Ceilings, Living/Dining Room, Main Level Primary, Other, Split Bedrooms, Separate Shower, Stacked Bedrooms
- Exterior Features
- Lighting, Outdoor Living Area, Room For Pool
- Taxes
- $8,674
- Flooring
- Ceramic Tile, Laminate, Tile
- Appliances
- Dryer, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
- Heating
- Central, Electric
- Air Conditioning
- Central Air, Electric, Other, Zoned
- Exterior Construction
- Block
- Stories
- 1
- Levels
- One
- Roof
- Shingle
- Parking Features
- Circular Driveway, Driveway
- Elementary School
- Henry M. Flagler
- Middle School
- Kinloch Park
- High School
- South Miami
- View
- Garden
Listing courtesy of Keller Williams Capital Realty. Contact:
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Agent: Malgorzata Sadowska | Email: Maggie@MegaLuxeHomes.com