323 Nw 56th Ave, Miami, FL 33126
- $770,000
- 1,345
- SqFt
- List Price
- $770,000
- Status
- ACTIVE
- Days on Market
- 58
- Price Change
- ▼ $30,000 1787600608
- MLS#
- A12053829
- Subtype
- Residential Income
- Style
- Triplex
- Year Built
- 1955
- Living Area
- 1,345
- Subdivision
- Ideal Homes Sub No 7
- Building Name
- Ideal Homes Sub No 7
Property Description
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.
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Additional Information
- Exterior Features
- Exterior Lights, Fruit Trees, Room For Pool
- Taxes
- $8,764
- Community Features
- Ideal Homes Sub No 7
- Property Description
- Triplex
- Zoning
- 5700
- Flooring
- Ceramic Floor, Tile
- Heating
- Central, Electric
- Air Conditioning
- Central Air, Electric, Other, Zoned
- Exterior Construction
- Concrete Block Construction
- Stories
- 1
- Roof
- Shingle
Listing Courtesy of Keller Williams Capital Realty, Contact: