560 NE 63rd Street, Miami, FL 33138

$1,650,000
2,803
SqFt

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List Price
$1,650,000
Days on Market
27
MLS#
A12055054
Year Built
1969
Living Area
2,803
MLS Area Major
2320

Property Description

Completely repositioned turnkey multifamily investment in the heart of Miami's highly desirable MiMo District. This fully renovated four-unit property features spacious 2-bedroom, 2-bathroom residences with brand-new central A/C systems, a new roof, impact windows throughout, new interior and exterior doors, designer kitchens with quartz countertops, stainless steel appliances, luxury vinyl flooring, beautifully renovated bathrooms, LED recessed lighting, modern fixtures, and oversized closets. Each unit includes one assigned parking space, individual water submeters, and separately metered electric service, significantly reducing operating expenses. Extensive capital improvements have already been completed, providing investors with a truly low-maintenance, worry-free asset. Producing approximately $93,396.84 in annual NOI, this turnkey investment offers immediate cash flow and strong long-term appreciation potential. Ideally located in Miami's vibrant MiMo District, just minutes from the Design District, Midtown, Wynwood, Downtown Miami, and Miami Beach.

Additional Information

Taxes
$12,359
Utilities
Cable Not Available
Heating
Central, Separate Meters
Air Conditioning
Central Air
Exterior Construction
Block
Roof
Shingle
Elementary School
Morningside K-8 Academy (Miami-Dade)
Middle School
Horace Mann
High School
Miami Edison

Listing courtesy of Brickell Brokers LLC.

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