128
NW 53RD STREET MIAMI
COMMERCIAL
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128 NW 53RD STREET MIAMI, FL
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PRESENTED BY
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128 NW 53RD STREET MIAMI, FL
EXECUTIVE SUMMARY ASKING $819,000 PROPERTY OVERVIEW Investor & Developer Multi-Family Alert! Don’t miss this opportunity - a comparable property on the same street just sold for significantly more. Fully rented duplex with two additional units producing over $7,000/month plus $150/month from coin laundry. Zoned T4-R on a 7,200 SF lot in a NO FLOOD ZONE, offering strong cash flow, stabilized tenants, and future redevelopment potential. Features a 3-bed/1-bath main house with new central A/C and three 1/1 units. Two-year-old roof. Minutes from Design District, Wynwood, Midtown, and Brickell in a rapidly developing corridor where —don’t miss this opportunity. Do not disturb tenants. Gated property; showings by appointment only.
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 – $2,100/mo
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Unit C – 1 Bed / 1 Bath – $1,725/mo
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Unit B – 1 Bed / 1 Bath – $1,575/mo
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Unit D – 1 Bed / 1 Bath – $1,800/mo
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Coin Laundry: +$150/mo
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Gross Monthly Income: $7,350
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Gross Yearly Income: $88,200
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Net Operating Income (NOI): ±$54,2392 •
Cap Rate: ±6.4%
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RENT ROLL INCOME Unit 3 bed 1 bath 1 bed 1 bath (B) 1 bed 1 bath (C) 1 bed 1 bath (D) Coin Laundry (avg) Gross Monthly Income
Monthly Rent Annual Rent $2,100.00 $25,200.00 $1,575.00 $18,900.00 $1,725.00 $20,700.00 $1,800.00 $21,600.00 $150.00 $1,800.00 $7,350.00
Gross Yearly Income
Item Insurance Property Taxes Maintenance Water/Sewer FPL Pest Control Total Expenses
NOI Cap Rate
$88,200.00
EXPENSES
Annual Cost $5,496.00 $11,365.00 $6,000.00 $3,300.00 $6,000.00 $1,800.00 $33,961.00
$54,239.00 6.4%
PLEASE DO NOT DISTURB TENANTS.
LOCATION
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.
LOCATION
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
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Enjoy two dedicated parking spaces plus ample street parking.
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Utilities include separate electric meters and a shared water meter for convenience and efficiency.
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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.
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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.
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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.
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DAVID NGUAH
OMAR GARBAN
REALTOR
REALTOR
786.200.3966
305.467.7556
info@miamisrealestate com
omar.garban@elliman.com
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