256 Nw 57th St, Miami, FL 33127
- $1,150,000
- 1,600
- SqFt
- List Price
- $1,150,000
- Price Change
- ▼ $12,500 1781158588
- MLS
- A11906273
- Complex Name
- Railroad Shops Inter Scho
- Status
- ACTIVE
- Type
- Multifamily
- Living Area
- 1,600
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 great CAP Rate above 6%. 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.
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Additional Information
- Days on Market
- 312
- Pool
- Yes
- Style
- Duplex
- Special Information
- Substantially Remodeled
- #Parking Spaces
- 3
- Year Built
- 1971
- Development Name
- Railroad Shops Inter Scho
- #Stories
- 1
- Construction Type
- Concrete Block Construction, CBS Construction
- Pool Description
- In Ground
- Section
- 13
Mortgage Calculator
Listing Courtesy of Compass Florida LLC, Contact: 786-972-8282