321 NW 56th Avenue, Miami, FL 33126

Listing Snapshot

About This Home

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.

General Features

Property Type

Residential

Sub-type

SingleFamilyResidence

Stories

1

Direction Faces

Northwest

Parking

CircularDriveway,Driveway

Zoning

5700

Utilities

CableAvailable

Subdivision

IDEAL HOMES SUB NO 7

Interior Features

Appliances

Dryer,Dishwasher,ElectricRange,ElectricWaterHeater,Microwave,Refrigerator,Washer

Flooring

CeramicTile,Laminate,Tile

Heating

Central,Electric

Cooling

CentralAir,Electric,Other,Zoned

Interior Features

BuiltInFeatures,BedroomOnMainLevel,ClosetCabinetry,EatInKitchen,HighCeilings,LivingDiningRoom,MainLevelPrimary,Other,SplitBedrooms,SeparateShower,StackedBedrooms

Furnished

Unfurnished

Exterior Features

Construction

Block

Exterior Features

Lighting,OutdoorLivingArea,RoomForPool

Roof

Shingle

Lot Features

FruitTrees

Patio / Porch

Porch

Fencing

Fenced

Pool

No

View

Garden

Waterfront

No

Community Features

Community Features

StreetLights

Association Amenities

None,Sidewalks

MLS Area

2410

Schools

Map

Virtual Tour