256 NORTH WEST 57TH ST, Miami
$1,187,500 USD
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| Address | 256 NORTH WEST 57TH ST, Miami |
| Building Name | RAILROAD SHOPS INTER SCHO |
| Type of Property | Duplex |
| Property Style | Duplex |
| Price | $1,187,500 |
| Property Status | Active |
| MLS Number | A11906273 |
| Living Area | 1600 |
| Year Built | 1971 |
| Parking Space Number | 3 |
| Folio Number | 01-31-13-048-0310 |
| Zoning Information | 5700 |
| Days on Market | 3 |
Detailed Description: Exceptional investment opportunity in the heart of Miami’s emerging Little Haiti corridor! This renovated duplex combines strong STR income performance with long-term redevelopment potential as T3-O zoning. Potential multifamily 2–9 units. Featuring 3 beautifully updated units, modern finishes, impact windows, 2 electric meters, and a newly landscaped yard with pool area, this property has delivered an impressive $150,134 in 2024 annual gross income and a 6.87% CAP rate based on the current $1.187M asking price. Enjoy consistent bookings from short-term rentals while benefiting from revitalization and proximity to Wynwood, the Design District, and Midtown. An ideal turn-key asset for investors seeking cash flow + appreciation upside in one of Miami’s fastest-transforming neighborhoods.
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Address Information
| State | Florida |
| City | Miami |
| County | Miami-Dade County |
| Zip Code | 33127 |
| Address | 256 NORTH WEST 57TH ST |
| Section | 13 |
| Zip Code (4 Digits) | 1616 |
Financial Information
| Price | $1,187,500 |
| Price per Foot | $0 |
| Folio Number | 01-31-13-048-0310 |
| Tax Amount | $12,367 |
| Tax Year | 2024 |
| Possession Information | Funding |
Full Descriptions
| Detailed Description | Exceptional investment opportunity in the heart of Miami’s emerging Little Haiti corridor! This renovated duplex combines strong STR income performance with long-term redevelopment potential as T3-O zoning. Potential multifamily 2–9 units. Featuring 3 beautifully updated units, modern finishes, impact windows, 2 electric meters, and a newly landscaped yard with pool area, this property has delivered an impressive $150,134 in 2024 annual gross income and a 6.87% CAP rate based on the current $1.187M asking price. Enjoy consistent bookings from short-term rentals while benefiting from revitalization and proximity to Wynwood, the Design District, and Midtown. An ideal turn-key asset for investors seeking cash flow + appreciation upside in one of Miami’s fastest-transforming neighborhoods. |
| Roof Description | Other |
| Floor Description | Terrazzo |
| Pool Description | In Ground |
| Cooling Description | Central Air |
| Heating Description | Electric |
| Water Description | Municipal Water |
| Sewer Description | Public Sewer |
Property parameters
| Living Area | 1600 |
| Zoning Information | 5700 |
| Year Built | 1971 |
| Type of Property | Duplex |
| Style | Duplex |
| Building Name | RAILROAD SHOPS INTER SCHO |
| Development Name | RAILROAD SHOPS INTER SCHO |
| Construction Type | Concrete Block Construction,CBS Construction |
| Stories Number | 1.000 |
| Street Direction | North West |
| Parking Space Number | 3 |
| Listed with | Compass Florida, LLC |