323 NW 56th Ave, Miami FL 33126

Description of 323 NW 56th Ave, Miami FL 33126

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.

Property Details for 323 NW 56th Ave, Miami FL 33126

Flooring

Ceramic Floor, Tile

Heating

Central, Electric

Cooling

Central Air, Electric, Other, Zoned

Architectural Style

Detached

Pool Private

No

Year Built Details

Effective Year Built

Property Condition

Completely Renovated

Building Information for 323 NW 56th Ave, Miami FL 33126

Building Name

IDEAL HOMES SUB NO 7

Building Area Total

1702

Building Area Units

Square Feet

Stories

1

Stories Total

1

Association

No

Property Information for 323 NW 56th Ave, Miami FL 33126

Lot Features

Less Than 1/4 Acre Lot

Lot Size Square Feet

0

Waterfront

No

View

No

Construction Materials

Concrete Block Construction

Roof

Shingle

Exterior Features

Exterior Lights, Fruit Trees, Room For Pool

Sewer

Public Sewer

Water Source

Municipal Water

New Construction

No

Public Records for 323 NW 56th Ave, Miami FL 33126

Parcel Number

01-41-06-066-0070

Tax Annual Amount

$8,764

Tax Year

2,025

Tax Legal Description

IDEAL HOMES SUB NO 7 PB 61-13 LOT 7 BLK 1 LOT SIZE 65.000 X 104

Zoning

5700

County Or Parish

Miami-Dade County

Location