128 NORTH WEST 53RD ST #2, Miami
$825,000 USD
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| Address | 128 NORTH WEST 53RD ST #2, Miami |
| Building Name | RAILWAY SHOPS ADDN 2ND AM |
| Type of Property | Duplex |
| Property Style | Duplex |
| Price | $825,000 |
| Property Status | Active |
| MLS Number | A11895997 |
| Year Built | 1930 |
| Parking Space Number | 2 |
| Folio Number | 01-31-24-013-0460 |
| Gross Rent Income | $86,400 |
| Net Operating Income | $44,904 |
| Zoning Information | 3900 |
| Days on Market | 5 |
Detailed Description: Investor and Developer Multi-Family Alert! Fully rented duplex with two additional units producing over $7,000 / month plus $150 / month from coin laundry. Zoned T4-R on a 7,200 sq.ft lot in a NO FLOOD ZONE, offering strong cash flow, stabilized tenants, and future redevelopment potential. Property features a 3-bed / 1-bath main house with new central A / C and 1-bed / 1-bath units with efficient window A / Cs. 2 year 2-year-old roof. Prime location minutes from Design District, Wynwood, Midtown, and Brickell, surrounded by new multi-family and single-family developments. Please do not disturb tenants. The building is gated, and appointments only for showings.
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Address Information
| State | Florida |
| City | Miami |
| County | Miami-Dade County |
| Zip Code | 33127 |
| Address | 128 NORTH WEST 53RD ST |
| Section | 24 |
| Zip Code (4 Digits) | 1918 |
Financial Information
| Price | $825,000 |
| Price per Foot | $0 |
| Folio Number | 01-31-24-013-0460 |
| Gross Rent Income | $86,400 |
| Net Operating Income | $44,904 |
| Tax Amount | $10,809 |
| Tax Year | 2024 |
| Possession Information | Funding |
Full Descriptions
| Detailed Description | Investor and Developer Multi-Family Alert! Fully rented duplex with two additional units producing over $7,000 / month plus $150 / month from coin laundry. Zoned T4-R on a 7,200 sq.ft lot in a NO FLOOD ZONE, offering strong cash flow, stabilized tenants, and future redevelopment potential. Property features a 3-bed / 1-bath main house with new central A / C and 1-bed / 1-bath units with efficient window A / Cs. 2 year 2-year-old roof. Prime location minutes from Design District, Wynwood, Midtown, and Brickell, surrounded by new multi-family and single-family developments. Please do not disturb tenants. The building is gated, and appointments only for showings. |
| How to Reach | GPS |
| Roof Description | Shingle |
| Floor Description | Tile |
| Cooling Description | Ceiling Fan (s), Central Air, Wall / Window Unit (s) |
| Heating Description | Central |
| Water Description | Municipal Water |
| Sewer Description | Public Sewer |
Property parameters
| Zoning Information | 3900 |
| Year Built | 1930 |
| Type of Property | Duplex |
| Style | Duplex |
| Building Name | RAILWAY SHOPS ADDN 2ND AM |
| Development Name | RAILWAY SHOPS ADDN 2ND AM |
| Construction Type | Concrete Block Construction |
| Stories Number | 1.000 |
| Street Direction | North West |
| Parking Space Number | 2 |
| Listed with | Douglas Elliman |