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256 NW 57th St, Miami FL 33127

Residential Income

256 57th St

Miami, FL 33127

ML#:A11906273
List Price:$1,162,500
Status:Active
Days on Market:189
Listing Brkr:Compass Florida LLC
Subdivision:RAILROAD SHOPS INTER SCHO
Bedrooms:0
Baths:0
SqFt (Liv):1,600
Lot Size:0 sqft
Year Built:1971
Stories:1

General Information

Type Property:Residential Income
Style:Duplex
Pool:
Garage Spaces:0
Parking:

Location Information

County:Miami-Dade County
Zip:33127
Subdivision:RAILROAD SHOPS INTER SCHO
Latitude:25.827654
Longitude:-80.201392

Additional Features

Flooring:Terrazzo
Heating:Electric
Cooling:Central Air
Construction:Concrete Block Construction, CBS Construction
Waterfront:No

Financial Information

Annual Taxes (2024):$12,367
Original Price:$1,187,500
Days on Market:189

Remarks

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.

Listing Agent

Patricia Pappaterra

Compass Florida LLC

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Prepared by Rangely Adames · Sunland Group · Licensed FL Real Estate Sales Associate · rangelyadames.com · (954) 833-0020

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