NW 53RD STREET
MIAMI, FL
PRESENTED BY
128
NW 53RD STREET
MIAMI, FL
EXECUTIVE SUMMARY
ASKING $825,000
PROPERTY OVERVIEW
Fully rented income-producing duplex with two additional units—a high-yield investment or development opportunity in one of Miami’s fastest-growing areas. The property produces over $7,000/month plus an additional $150/month from coin laundry income.
Zoned T4-R on a 7,200 SF lot, in a NO FLOOD ZONE, offering excellent cash flow and future redevelopment potential.
PROPERTY DETAILS
Building Size: ±2,589 SF
Lot Size: 7,200 SF (60’ x 120’)
Year Built: 1930
Zoning: T4-R
Flood Zone: X (No Flood Zone)
Construction: Concrete block with shingle roof (2 years old)
Parking: 2 spaces + ample street parking
UNITS & INCOME
• Unit A – 3 Bed / 1 Bath – $2,150/mo
• Unit B – 1 Bed / 1 Bath – $1,500/mo
• Coin Laundry: +$150/mo
• Gross Monthly Income: $7,100
• Net Operating Income (NOI): ±$58,687
• Unit C – 1 Bed / 1 Bath – $1,650/mo
• Unit D – 1 Bed / 1 Bath – $1,800/mo
• Gross Yearly Income: $85,200
• Cap Rate: ±6.5%
RENT ROLL
Centrally located near Wynwood, Design District, Midtown, and Downtown Miami, just minutes from I-95.
This up-and-coming neighborhood is seeing rapid transformation, with developers acquiring nearby properties and building new multimillion-dollar homes—driving strong appreciation potential.
INVESTMENT HIGHLIGHTS
• Fully rented – immediate cash flow
• Zoned for future redevelopment (T4-R)
• Roof 2 Years old
• No flood zone
• Tenants in place — ideal for investors or 1031 exchange buyers
• Surrounded by growing luxury development activity
• Enjoy two dedicated parking spaces plus ample street parking.
• Utilities include separate electric meters and a shared water meter for convenience and efficiency.
• Located just blocks from I-95 and the Miami Design District, and less than ten minutes from Wynwood, Midtown, and Brickell, this property sits in one of Miami’s most desirable and rapidly growing rental markets.
• Zoned T4-R, it offers both strong income today and long-term redevelopment potential, making it a smart investment for first-time buyers and seasoned developers alike.
• Don’t miss this rare opportunity to own a cash-flowing asset with future upside in one of Miami’s hottest up-and-coming neighborhoods.
PLEASE DO NOT DISTURB TENANTS.
“Don’t wait to buy real estate. Buy real estate and wait.”
PLEASE DO NOT DISTURB TENANTS.
