321 NW 56th Av
Miami, FL 33126-4923
$770,000 Active
INVESTORS & HOMEBUYERS! Pristine, fully updated single-family compound in Miami’s urban core—5 mins to MIA and 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. On long-term leases, projected income is $6,200/mo, a true 6.57% CAP rate. For 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.
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| Type | Single Family Residence |
|---|---|
| Bedrooms | 4 |
| Bathrooms | 3 |
| Half Baths | 0 |
| Living Area | 1,345 sq ft |
| Total Area | 1,702 sq ft |
| Subdivision | IDEAL HOMES SUB NO 7 |
| Zoning | 5700 |
| Year Built | 1955 |
|---|---|
| Lot Size | 6,760 sq ft |
| Lot Features | Less Than 1/4 Acre Lot |
| Roof | Shingle |
| Construction | Concrete Block Construction |
| Style | DetachedOne Story |
| Accessibility | - |
| Direction Faces | Northwest |
| Pool | No |
| Pool Features | - |
| Bedrooms | At Least 1 Bedroom Ground LevelEntry Level |
|---|---|
| Master Bathroom | Shower Only |
| Dining Room | Dining/Living RoomEat-In Kitchen |
| Living Room | AtticFamily RoomUtility Room/Laundry |
| Flooring | Ceramic FloorTile |
|---|---|
| Interior Features | First Floor EntryBuilt-in FeaturesCloset CabinetryOtherSplit BedroomStacked BedroomVolume CeilingsAtticFamily RoomUtility Room/Laundry |
| Appliances | DishwasherDryerElectric RangeElectric Water HeaterMicrowaveOther Equipment/AppliancesRefrigeratorWasher |
| Cooling | Central AirElectricOtherZoned |
| Heating | CentralElectric |
| Exterior Features | LightingFruit TreesRoom For Pool |
|---|---|
| Parking Features | Circular DrivewayDriveway |
| Parking Total | - |
| Garage | No |
| Garage Spaces | 0 |
| Carport | - |
| Carport Spaces | 0 |
| Pets Allowed | - |
|---|---|
| Community Features | NonePublic RoadSidewalksStreet Lights |
| Security Features | - |
| Association | No |
| Waterfront | No |
|---|---|
| Waterfront Features | - |
| View | Garden |
| Water Source | Municipal Water |
| Sewer | Public Sewer |
| Annual Amount | 8674 |
|---|---|
| Tax Year | 2025 |
| Elementary School | Flagler; Henry M. |
|---|---|
| Middle School | Kinlock Park |
| High School | South Miami |
| School District | - |
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