256 NW 57th St new 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 $742
Subdivision Railroad Shops Inter Scho
MLS Listing ID A11906273
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 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
State FL
County Miami-dade
Community Railroad Shops Inter Scho
Area 31
Interior
Heating Electric
Cooling Central Air
Flooring Terrazzo
Exterior
Pool 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,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11906273