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560 NE 63rd St Miami, FL $ 1,650,000
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$ 1,650,000 Get more info
560 NE 63rd St
$ 1,650,000
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560 NE 63rd St

Miami, FL, 33138
$ 1,650,000
Bedrooms2 Baths2.0 Sq 2,803

Monthly Estimate*

$ 10,159

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Multi-Family Home for sale in Miami, FL

for $1,650,000 with 2 bedrooms and 2 full baths. This 2,803 square foot home was built in 1969.

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 upside, with a stabilized asset in a high-growth corridor. Opportunities at this cap rate for renovated product in MiMo are increasingly rare. Easy to show. Contact listing agent for financials and rent roll.

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Multi-Family Active

Price

$ 1,650,000

Bedrooms

2

Full Bath

2

Property Type

Multi-Family

Taxes

$ 13,060

Style

Year Built

1969

Town/City

Miami

County/Region

Miami-Dade

MLS | Web ID

A12010064
Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Cable Not Available
Possession Close Of Escrow
Roof Shingle
Architectural Style Fourplex
Pool Features None
Construction Materials Block
Year Built 1969
Stories Count 2
Levels Two
Property Subtype Quadruplex
Tax Year 2025
County Miami-Dade
Property Type Residential Income
Subdivision Name NORTH GATE
Rent Includes Gardener Sewer Trash Collection
Full Baths 2
Status Active
Directions FOLLOW GPS
City Miami
Zoning Description 3900
Number Of Units Total 1
MLS Area 32
Lot Size Units Square Feet
Listing Terms Cash Conventional Cryptocurrency FHA
Year Built Details Effective Year Built
Tax Annual Amount 13060
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12010064
Standard Status Active
Occupancy Type Tenant
Property Sub Type Additional Quadruplex
Legal Description NORTH GATE PB 8-88 LOT 8 BLK 10 LOT SIZE 6000 SQUARE FEET OR 17415-1490 1096 1 COC 25218-4870 12 2006 4
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Interior
Flooring Hardwood Wood
Air Conditioning Y/N true
Heating Y/N true
Half Baths 0
Total Bedrooms 2
Total Baths 0
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Exterior
Lot Features < 1/4 Acre
Total Parking 4
Building Area Total 2803
Waterfront Y/N false
Covered Spaces 0
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* Excluded Features
List By
Brickell Brokers Llc

Broker

magaliresnik@icloud.com

Email

Affordability Calculator

$11,248
Per Month
90%
10%
0%
Monthly Principal & Interest
$10,159
Monthly Property Taxes
$1,088
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
4/29/2026 $1,650,000 Listed Price

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560 NE 63rd St, Miami, FL, 33138 is a Multi-Family Home for sale at $1,650,000 with 2,803 sqft. 560 NE 63rd St has 2 bedrooms, 2.0 baths, and was built in 1969. The property's zip code is 33138 which is in Miami, FL

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