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256 NW 57Th St Miami, FL 33127

For Sale
$1,187,500

Renovated duplex with strong STR income and redevelopment potential.

Building Details

Year built
1971

Source: Compass Florida, LLC Agent Patricia Pappaterra

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Renovated Duplex in Little Haiti

This renovated duplex presents an investment opportunity in Miami's Little Haiti corridor. The property features 3 updated units with modern finishes and impact windows. It includes 2 electric meters and a landscaped yard with a pool area. The property has generated $150,134 in 2024 annual gross income, reflecting a 6.87% CAP rate based on the current asking price. The T3-O zoning allows for potential multifamily development of up to 29 units. The property is positioned to benefit from ongoing revitalization and its proximity to Wynwood, the Design District, and Midtown. It is currently used for short-term rentals.
Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Miami
County
Miami-Dade
State
Florida
Longitude
-80.201385
Latitude
25.82764

FAQs

What type of property is this?
Duplex - Renovated duplex with strong STR income and redevelopment potential.
Where is this duplex located?
The property is located at 256 NW 57Th St Miami, FL.
What is the asking price?
The asking price for this property is $1,187,500.
What are key features of this property?
This property features: - High Gross Annual Income: $150,134 in 2024; - Strong CAP Rate: 6.87% based on current asking price; - Redevelopment Potential: T3-O zoning allows for potential multifamily development up to 29 units
More about this property
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