
$770,000
Apartment for Sale, 323 NW 56th Ave, Miami, Florida 33126
- MLS#A12053829
125 m² (1,345 ft²)
Listed By Keller Williams Capital Realty
The Apartment for Sale located at 323 NW 56th Ave, Miami, Florida 33126 is currently for sale.
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.
Location
323 NW 56th Ave, Miami, Florida 33126
Property features
Property
- Property size:
125 m² (1,345 ft²) - Features: Room For PoolPorch OpenExterior Lighting
- Other building structures: Extra Building/Shed
Lot/Land
- Lot Description: Fenced
Construction
- Year built: 1955
- Roofing: Shingle
- Condition: Renovated
- Construction: Concrete/Block
Interior Features
- Floors: TileCeramic Tile
Heating and Cooling
- Heating System: ElectricCentral
- Cooling System: ElectricCentral ACZoned
Utilities
- Other utilities: Public SewerMunicipal Water