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Brickell Brokers
321 Nw 56th Av, Miami, FL 33126
- $770,000
- 4
- BD
- 3
- BA
- 1,345
- SqFt
- List Price
- $770,000
- Price Change
- ▼ $30,000 1787600609
- MLS#
- A12035229
- Subdivision
- Ideal Homes Sub No 7
- Status
- ACTIVE
- Type
- Single Family Residential
- Bedrooms
- 4
- Full baths
- 3
- Living Area
- 1,345
Property Description
INVESTORS: rented to excellent tenants! Pristine, fully updated single-family compound in Miami’s urban core—5 mins to MIA & 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. Long-term leases: projected income is $6,200/mo, a 6.57% CAP rate. 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.
Additional Information
- Days on Market
- 116
- View
- Garden
- Tax Amount
- $8,674
- Parcel Number
- 01-41-06-066-0070
- Bedroom Description
- At Least 1 Bedroom Ground Level, Entry Level
- Front Exposure
- Northwest
- Special Information
- Completely Renovated
- Lot Size
- 6,760
- Exterior Features
- Lighting, Fruit Trees, Room For Pool
- Parking Restrictions
- Circular Driveway, Driveway
- Address
- 321 Nw 56th Av, Miami
- Elementary School
- Flagler; Henry M.
- SqFt Liv Area
- 1,345
- Year Built
- 1955
- Design
- Detached, One Story
- Development Name
- Ideal Homes Sub No 7
- Style
- R30-No Pool/No Water, House
- Middle School
- Kinlock Park
- Senior High School
- South Miami
- Restrictions
- No Restrictions, Ok To Lease
- Construction Type
- Concrete Block Construction
- Interior Features
- First Floor Entry, Built-in Features, Closet Cabinetry, Other, Split Bedroom, Stacked Bedroom, Volume Ceilings, Attic, Family Room, Utility Room/Laundry
- Section
- 6
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Listing Courtesy of Keller Williams Capital Realty, Contact: