560 NE 63rd St, Miami FL 33138

Description

Fully renovated 4-unit multifamily in the highly desirable MiMo District / Upper East Side, delivering an attractive ~5.9% cap rate in one of Miami’s most rapidly appreciating submarkets. This turnkey asset features four spacious 2BR/2BA units (~700 SF each), all upgraded with modern kitchens, updated bathrooms, new flooring, and central A/C. Brand-new roof (2026) significantly reduces future capital expenditures, enhancing long-term returns and investor confidence. The property also includes on-site laundry, assigned parking, and efficient layouts with strong tenant appeal. Individually metered water (submeters for each unit) allows utility costs to be passed through to tenants, reducing owner expenses and improving overall NOI. Positioned just steps from Biscayne Blvd and minutes to the Design District, Midtown, Wynwood, and Downtown Miami, this location drives consistent rental demand and supports premium rents. Ideal for investors seeking immediate cash flow + appreciation upside, with a stabilized asset in a high-growth corridor. Opportunities at this cap rate for renovated product in MiMo are increasingly rare. Easy to show. Contact listing agent for financials and rent roll.