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560 NE 63rd St, Miami, FL 33138

Miami
Local realty services provided by:CENTURY 21 Carioti
560 NE 63rd St,Miami, FL 33138
$1,650,000
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  • - Beds
  • - Baths
  • 2,803 sq. ft.
  • Multi-family
  • Active
Listed by: magali resnik
Office: brickell brokers llc.305-438-7777
MLS#:A12010064
Source:SEFMLS

Price summary

  • Price:$1,650,000
  • Price per sq. ft.:$588.66

About this home

Fully renovated 4-unit multifamily in the highly desirable MiMo District / Upper East Side, delivering an attractive ~5.9% cap rate in one of Miami’s most rapidly appreciating submarkets. This turnkey asset features four spacious 2BR/2BA units (~700 SF each), all upgraded with modern kitchens, updated bathrooms, new flooring, and central A/C. Brand-new roof (2026) significantly reduces future capital expenditures, enhancing long-term returns and investor confidence. The property also includes on-site laundry, assigned parking, and efficient layouts with strong tenant appeal. Individually metered water (submeters for each unit) allows utility costs to be passed through to tenants, reducing owner expenses and improving overall NOI. Positioned just steps from Biscayne Blvd and minutes to the Design District, Midtown, Wynwood, and Downtown Miami, this location drives consistent rental demand and supports premium rents. Ideal for investors seeking immediate cash flow + appreciation...

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Home facts

  • Year built:1969
  • Listing ID #:A12010064
  • Updated:May 24, 2026 at 10:02 AM

Rooms and interior

  • Flooring:Hardwood, Wood
  • Living area:2,803 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Roof:Shingle
  • Year built:1969
  • Building area:2,803 sq. ft.
  • Architectural Style:Fourplex
  • Construction Materials:Block
  • Levels:2 Story

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,650,000
  • Price per sq. ft.:$588.66
  • Tax amount:$13,060 (2025)

Parking

  • Total parking spaces:4
Information deemed reliable but not guaranteed. Information is provided, in part, by Greater Miami MLS. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing. SEFMLS Member Broker: Albert Carioti

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