321 NW 56th Av, Miami, FL 33126

About This Home

INVESTORS: rented to excellent tenants! Pristine, fully updated single-family compound in Miami’s urban core—5 mins to MIA & near Coral Gables, Brickell, Coconut Grove, Wynwood, the cruise terminal 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 (=lower property insurance), 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. Long-term leases: projected income is $6,200/mo, a 6.57% CAP rate. Airbnb use: it is projected to gross $90K–$120K+/yr with 10.47% 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

Bathrooms Full

3

Bathrooms Half

0

Interior Features

First Floor Entry, Built-in Features, Closet Cabinetry, Other, Split Bedroom, Stacked Bedroom, Volume Ceilings, Attic, Family Room, Utility Room/Laundry

Appliances

Dishwasher, Dryer, Electric Range, Electric Water Heater, Microwave, Other Equipment/Appliances, Refrigerator, Washer

Flooring

Ceramic Floor, Tile

Heating

Central, Electric

Cooling

Central Air, Electric, Other, Zoned

Furnished

Unfurnished

Architectural Style

Detached, One Story

Garage Spaces

0

Parking Features

Circular Driveway, Driveway

Property Condition

Completely Renovated

Building & Association

Building Name

IDEAL HOMES SUB NO 7

Association

No

Lot & Construction

Lot Features

Less Than 1/4 Acre Lot

Lot Size Square Feet

6,760

Waterfront

No

View

Garden

Construction Materials

Concrete Block Construction

Roof

Shingle

Exterior Features

Lighting, Fruit Trees, Room For Pool

New Construction

No

Public Records

Parcel Number

01-41-06-066-0070

Tax Annual Amount

$8,674

Tax Year

2,025

Zoning

5700

County Or Parish

Miami-Dade County

Location