49 56Th StMiami, FL 33137

Property Details for 49 56Th St

Year built

1955

Property type

Apartment buildings

Property subtype

Small apartment buildings

Description

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.

Location Insight

City

Miami

County

Miami-Dade

State

Florida

Latitude

25.8273

Longitude

-80.1952

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