$1,187,500 USD
Apartment for Sale, 256 NW 57th St, Miami, Florida 33127
- MLS#A11906273
149 m² (1,600 ft²)
Listed By Compass Florida, LLC
The Apartment for Sale located at 256 NW 57th St, Miami, Florida 33127 is currently for sale. 256 NW 57th St, Miami, Florida 33127 is listed for $1,187,500.
Property features
Property
- Property size:
149 m² (1,600 ft²) - Type: Duplex
- Location: Subdivision
Construction
- Year built: 1971
- Condition: Remodeled
Pool and Spa
- Pool: Inground
Recreational
- Recreational: Swimming Pool
Heating and Cooling
- Heating system: Electric
- Cooling system: Central AC
Utilities
- Other utilities: Public Sewer
Description
Exceptional investment opportunity in the heart of Miami’s emerging Little Haiti corridor! This renovated duplex
combines strong STR income performance with long-term redevelopment potential as T3-O zoning. Potential
multifamily 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 6.87% CAP rate based on the current $1.187M asking price. 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-transforming
neighborhoods.
Location
256 NW 57th St, Miami, Florida 33127