323 Nw 56th Ave, Miami, FL 33126

$800,000
1,345
SqFt

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$800,000
MLS
A12053829
Complex Name
Ideal Homes Sub No 7
Status
ACTIVE
Type
Multifamily
Living Area
1,345

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.

Additional Information

Days on Market
11
Style
Triplex
Special Information
Completely Renovated
Exterior Features
Exterior Lights, Fruit Trees, Room For Pool
#Parking Spaces
7
Year Built
1955
Development Name
Ideal Homes Sub No 7
#Stories
1
Construction Type
Concrete Block Construction
Section
6

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing Courtesy of Keller Williams Capital Realty, Contact: