Interior
- Bedrooms
- 2
- Bathrooms
- 1
- Living area
- 1,050 sq ft
- Flooring
- Ceramic Tile
- Appliances
- Dryer, Electric Water Heater, Microwave, Refrigerator, Self Cleaning Oven, Washer
- Cooling
- Electric
- Heating
- Wall Furnace
- Interior features
- Bedroom On Main Level
Active · SingleFamilyResidence
$599,000
560 NW 53rd St, Miami, FL 33127
- Beds
- 2
- Baths
- 1
- Living area
- 1,050 sq ft
- $ / sq ft
- $570/sq ft
- Year built
- 1948
- Lot size
- 7,200 sq ft
- HOA fee
- —
- Annual tax
- $8,710
About this property
Exceptional development opportunity in one of Miami’s fastest-growing corridors! This 2-bed/1-bath home sits on a 7,200 SF lot with highly desirable T3-O zoning, allowing for the construction of one duplex. Architectural floor plans are completed and ready to be submitted to the City, giving developers and investors a head start on the permitting process. The property is partially remodeled and currently rented, offering immediate income while planning your project. Whether you hold, improve, or build new, this property presents a rare chance to secure a large lot in a prime urban core neighborhood. Do not miss this opportunity!
Property location
Get Directions560 NW 53rd St, Miami, FL 33127
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Facts & features
Exterior & Structure
- Property type
- SingleFamilyResidence
- Year built
- 1948
- Lot size
- 7,200 sq ft
- Architectural style
- Detached, One Story
- Roof
- Shingle
- Construction
- Frame, Stucco
- Exterior features
- None
- Pool
- None
- View
- Other
Parking
- Garage spaces
- 0
- Covered spaces
- 2
- Parking features
- Driveway
HOA, Community & Financials
- Security
- Smoke Detectors
- Pets allowed
- Dogs Ok, Yes
- Annual tax
- $8,710
- Subdivision
- RAILWAY SHOPS ADDN AMD
- County
- Miami-Dade
- Days on market
- 170
- MLS listing ID
- A11927960
- Listing status
- Active
Virtual tour
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Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
-$732
- Cap rate
- 4.2%
- Net yield
- 4.2%
- Cash-on-cash return
- -5.2%
- Gross yield
- 7.1%
- Mortgage payment
- $2,840/mo
- Down payment
- $149,750
- Loan amount
- $449,250
- Annual NOI
- $25,297
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.