256 NW 57th St Active Save Request In-Person Tour Request Virtual Tour
Miami,FL 33127
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,600 sqft
Price per Sqft $812
Subdivision Railroad Shops Inter Scho
MLS Listing ID A11890155
HOA Y/N No
Year Built 1971
Annual Tax Amount $12,367
Tax Year 2024
Property Sub-Type Duplex
Property Description
Exceptional investment opportunity in the heart of Miami's emerging Little Haiti corridor!
This renovated duplex combines strong income performance with long-term redevelopment potential under 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 annual gross income and a 6.23% CAP rate based on the current $1.3M 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
State FL
County Miami-dade
Community Railroad Shops Inter Scho
Area 31
Interior
Heating Electric
Cooling Central Air
Flooring Terrazzo
Exterior
Exterior Feature Fence,Security/High Impact Doors,Lighting,Shed
Pool Heated,In Ground,Pool
Utilities Available Cable Not Available
Roof Type Other
Total Parking Spaces 3
Private Pool Yes
Building
Lot Description < 1/4 Acre
Story 1
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Block
Others
Tax ID 01-31-13-048-0310
Acceptable Financing Cash,Conventional,Other
Listing Terms Cash,Conventional,Other
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11890155