256 57th St ,Duplex, Railroad Shops Inter Scho for Sale

256 57th St for Sale

Price $1,300,000.00

• Lot size 1716
• Year Build 1971
• Waterfront
• Zip 33127
• Style
• Parking Description
• Pool Yes In Ground, Heated
• Status Active

Description

Exceptional investment opportunity in the heart of Miami?s emerging Little Haiti corridor! This renovated duplex combines strong income performance with long-term redevelopment potential under 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 annual gross income and a 6.23% CAP rate based on the current $1.3M 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.

RAILROAD SHOPS INTER SCHOOL TR PB 3-192 LOT 8 BLK 2 LOT SIZE 50.000 X 142 OR 19259-1843 08 2000 4

Less Than 1/4 Acre Lot

Exceptional investment opportunity in the heart of Miami?s emerging Little Haiti corridor! This renovated duplex combines strong income performance with long-term redevelopment potential under 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 annual gross income and a 6.23% CAP rate based on the current $1.3M 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.

City:Miami,Zoning:5700,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2024,Latitude:25.827654,Cooling Y N:1,Heating Y N:1,List Price:1300000,Listing Id:A11890155,Longitude:-80.201392,Mls Status:Active,Year Built:1971,Living Area:1600,Postal Code:33127,Street Name:57th St,Coordinates:1:25.827654,Photos Count:62,Building Name:RAILROAD SHOPS INTER SCHO,Days On Market:3,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M I A M I R E_ Area:31,M L S Area Major:Railroad Shops Inter Scho,On Market Date:2025-10-07,Parcel Number:01-31-13-048-0310,Parking Total:3,Pool Features:1:Heated,Property Type:Residential Income,Rent Includes:1:Hot Water,2:Gardener,3:Pool Maintenance,4:Sewer,5:Trash Collection,6:Water,Stories Total:1,Street Number:256,M I A M I R E_ Style:Duplex,Public Remarks:Exceptional investment opportunity in the heart of Miami?s emerging Little Haiti corridor! This renovated duplex combines strong income performance with long-term redevelopment potential under 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 annual gross income and a 6.23% CAP rate based on the current $1.3M 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.,County Or Parish:Miami-Dade County,Expiration Date:2026-05-07,List Office Name:Brokers, LLC,M I A M I R E_ Pool Y N:1,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:1616,Property Sub Type:Duplex,State Or Province:FL,Street Dir Prefix:NW,Subdivision Name:RAILROAD SHOPS INTER SCHO,Tax Annual Amount:12367,Total Actual Rent:150134,Unparsed Address:256 NW 57th St, Miami FL 33127,Listing Agreement:Exclusive Right To Sell,Operating Expense:69183,Year Built Details:Resale,Building Area Total:1716,Building Area Units:Square Feet,Leasable Area Units:Square Feet,M I A M I R E_ Flood Zone:X,M I A M I R E_ L P Amt Sq Ft:812.5,Original List Price:1300000,Public Survey Range:31,Building Area Source:Owner,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Net Operating Income:80950,Syndication Remarks:Exceptional investment opportunity in the heart of Miami?s emerging Little Haiti corridor! This renovated duplex combines strong income performance with long-term redevelopment potential under 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 annual gross income and a 6.23% CAP rate based on the current $1.3M 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.,Listing Contract Date:2025-10-07,Originating System I D:miamire,Public Survey Section:13,Showing Instructions:Showing Assist,Street Number Numeric:256,Tax Legal Description:RAILROAD SHOPS INTER SCHOOL TR PB 3-192 LOT 8 BLK 2 LOT SIZE 50.000 X 142 OR 19259-1843 08 2000 4,M I A M I R E_ Current Price:1300000,Public Survey Township:31,M I A M I R E_ Municipal Code:1,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Adjusted Area S F:1629,M I A M I R E_ Exp Incl Retax Y N:1,M I A M I R E_ Exp Incl Trash Y N:1,M I A M I R E_ Internet Remarks:Turn-key duplex in Little Haiti redevelopment corridor. Strong income ($150K/yr), 6.23% CAP. Zoned T3-O with future multifamily potential.,M I A M I R E_ Parcel Number M L X:0310,M I A M I R E_ Separate Meter Y N:1,M I A M I R E_ Showing Time Flag:1,M I A M I R E_ Street View Param:1$25.82764$-80.201385$191.72$13.33$1.00$JvJuyhJfps0l3BW9NySogA,Contract Status Change Date:2025-10-07,Internet Address Display Y N:1,M I A M I R E_ Exp Incl Janitor Y N:1,Number Of Units In Community:2,M I A M I R E_ Exp Incl Electric Y N:1,M I A M I R E_ Exp Incl Supplies Y N:1,M I A M I R E_ Ok To Advertise List:Yes - Attribution Required (Agent and Office),M I A M I R E_ Subdivision Number:48,M I A M I R E_ Exp Incl Insurance Y N:1,M I A M I R E_ Agent Alternate Phone:786-972-8282,M I A M I R E_ Exp Incl Management Y N:1,M I A M I R E_ Exp Incl Pool Service Y N:1,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:256 NW 57th St,M I A M I R E_ Exp Incl Miscellaneous Y N:1,M I A M I R E_ Building Area Alternative:1600,M I A M I R E_ Exp Incl Maintand Repair Y N:1,M I A M I R E_ Exp Incl Lawn Maintenance Y N:1,M I A M I R E_ Multiple Offers Accepted Y N:1,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:812.5,