Eight-Unit Multifamily Corner
670 NW 56th St Miami, FL 33127
670 NW 56th St, Miami, FL, 33127
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Eight units on a corner lot, with zoning T68O allowing a broad mix of residential, commercial, and recreational uses.
Days on Market104
Property Features for 670 NW 56th St
General Information
- Standard status
- Active
- Property subtype
- Special Purpose
Listing agency
Fausto Commercial Realty Consultants
(305) 510-6627
Listed by
Vicente Rodriguez · License #3289280
Source
Crexi
Added: Apr 11 Updated: Jul 20 at 11:01PM Checked: Jul 22 at 5:39PM
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Investment Insights
Based on property information with market context.
This is an eight-unit multifamily property on a corner lot with 10,500 square feet and zoning T68O. The current unit mix includes seven studios and one one-bedroom, one-bath. The property is described as currently producing a 5.5% cap rate, with proforma and Airbnb scenarios also provided in the remarks.
The location is just west of I-95, with easy access to the airport and Downtown, and the remarks cite distances to Brickell, Midtown and the Design District, as well as Wynwood.
Zoning T68O is described as permitting a range of uses, including mix-use residential, short-term rental (Airbnb), commercial, retail, office, food and recreational uses, alcohol service establishments, religious facilities, pre-school, and research facilities. The remarks also state the site allows development up to eight stories for future expansion.
The location is just west of I-95, with easy access to the airport and Downtown, and the remarks cite distances to Brickell, Midtown and the Design District, as well as Wynwood.
Zoning T68O is described as permitting a range of uses, including mix-use residential, short-term rental (Airbnb), commercial, retail, office, food and recreational uses, alcohol service establishments, religious facilities, pre-school, and research facilities. The remarks also state the site allows development up to eight stories for future expansion.
Key Highlights
- 8‑unit multifamily on a corner lot with 10,500 sqft of lot area
- Unit mix: 7 studios and 1 one bed, one bath
- Current cap rate of 5.5%; proforma cap rate of 7.98%
Property Analytics
Location Intelligence
Current Use by Public Records
Short term rental ...
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FAQs
What type of property is this?
Apartment building - Eight units on a corner lot, with zoning T68O allowing a broad mix of residential, commercial, and recreational uses.
Where is this apartment building located?
The property is located at 670 NW 56th St Miami, FL.
What are key features of this property?
This property features: 8‑unit multifamily on a corner lot with 10,500 sqft of lot area; Unit mix: 7 studios and 1 one bed, one bath; Current cap rate of 5.5%; proforma cap rate of 7.98%
