321 56th Av, Miami, FL 33126

$770,000

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

Beds

4

Baths

3

Square Feet

1,345

Property Type

Single Family

Year Built

1955

Lot Size

6,760 sq ft

Annual Taxes

$8,674

MLS ID

A12035229

About This Property

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.

Features

• —First Floor Entry
• —Built-in Features
• —Closet Cabinetry
• —Other
• —Split Bedroom
• —Stacked Bedroom
• —Volume Ceilings
• —Attic
• —Family Room
• —Utility Room/Laundry
• —Lighting
• —Fruit Trees
• —Room For Pool

Amenities

• —None
• —Public Road
• —Sidewalks
• —Street Lights

Location