Commercial property in Miami, Florida 124.95 sq.m. № 2244065

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Commercial property in Miami, Florida 124.95 sq.m. № 2244065
ID2244065 $ 800 000
  • EUR €
  • USD $
  • RUB ₽
  • GBP £
2244065

Property 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.
MLS #: A12053829
Contact the seller
Contact me via
CityMiami
Address323 NW 56th Ave, Miami FL 33126
TypeCommercial property
Living space124.95 m²
  • sq. ft
Completion dateIV quarter, 1955
Parking places7
Price
  • Price
  • per m²
$ 800 000
  • EUR €
  • USD $
  • RUB ₽
  • GBP £
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