323 NW 56th Ave, Miami FL 33126

Welcome to a fully updated detached triplex in the heart of Miami’s urban core. Located in the IDEAL HOMES SUB NO 7 subdivision of Miami-Dade County, this 1955 residential income property offers an exceptional combination of flexible living space, investment potential, and a highly convenient location.

The main residence features 3 bedrooms and 1 bathroom, with 1,345 square feet of thoughtfully designed living space. Its bright open layout includes a modern chef’s kitchen with cabinets extending to the ceiling, a dedicated laundry room, and an upgraded bathroom with a clean, fresh finish. Separate living quarters provide flexibility for extended family, private guest accommodations, or additional rental income.

Major improvements include a brand-new roof, like-new plumbing and electrical systems, updated air conditioning, and hurricane impact windows and doors. Cooling is provided by central air with electric, other, and zoned systems, while the home also offers central electric heating.

The outdoor space is designed for convenience and entertaining, with luxury travertine tile accents, exterior lighting, fruit trees, and room for a pool. A secure side gate allows boat parking, while a massive circular driveway and an additional driveway provide parking for up to 7 cars. There is also a separate 90-square-foot unfinished side storage room, offering future potential for expanded living space or additional income.

For investors, the property offers projected long-term rental cash flow of approximately $7,500 per month and a potential 7.95% CAP rate. Short-term rental use is projected to generate $110,000 to $148,000 or more annually, with a potential 11.39% CAP rate, supported by the property’s premium proximity to Miami International Airport.

Living at 323 NW 56th Ave, Miami FL 33126 means enjoying year-round sunshine, beautiful beaches, world-class dining, nightlife, cultural attractions, and easy access to Coral Gables, Brickell, Coconut Grove, Wynwood, and MIA. This is a rare opportunity for homeowners, house hackers, and investors seeking a turnkey Miami property.

Call or text today at +1 786.468.4380 for more information or to schedule a private showing. Tel/WhatsApp available.