For Sale
$775,000

49 56Th St Miami, FL 33137

Prime Miami location, needs rehab, motivated seller.

Overview

Added:
Dec 11, 2024
Days on market:
138
This 1-story, 1955-built apartment building in Miami, Florida (33137), located at 49 NE 56th St, presents a compelling investment opportunity. Priced at $775,000, this four-plex offers three one-bedroom, one-bathroom units and a studio apartment. The property is being sold "as-is" without repairs or warranty, providing a blank canvas for renovation and value enhancement. Situated in a desirable area near Upper Buena Vista, the Miami Design District, Midtown, Wynwood, and Museums, the building benefits from excellent proximity to cultural attractions and vibrant neighborhoods. While requiring some rehabilitation and tender loving care, the property's location and potential for increased rental income make it an attractive prospect for investors seeking a hands-on project with significant upside. The motivated seller is ready to negotiate, making this a timely opportunity to acquire a multifamily property in a high-demand Miami location. The property is a single-story structure, offering straightforward renovation possibilities. This is a chance to elevate your investment portfolio with a property ripe for modernization and increased profitability.

Highlights

  • $775,000 asking price.
  • Multifamily property, specifically a 4-plex (three 1-bedroom/1-bathroom units and one studio).
  • Built in 1955, one-story building.
  • Located at 49 NE 56th St, Miami, FL 33137, near Upper Buena Vista, Miami Design District, Midtown, and Wynwood.
  • Property is being sold AS-IS.

Property Details for 49 56Th St

Property type
Apartment buildings, Small apartment buildings
Year Built
1955
Stories
1

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.8272784
Longitude
-80.1952326

FAQs

What type of property is this?
Apartment building - Prime Miami location, needs rehab, motivated seller.
Where is the apartment building located?
The property is located at 49 56Th St Miami, FL.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: $775,000 asking price.; Multifamily property, specifically a 4-plex (three 1-bedroom/1-bathroom units and one studio).; Built in 1955, one-story building.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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49 56Th St
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