353 NE 58th St, Miami FL 33137
About this home
Amazing investor opportunity only two blocks from upcoming Magic City Innovation District! This rapidly evolving area is just 5 min north of Miami Design District and 7 min from Midtown and Wynwood. Features a 5,000 sq ft lot already zoned for T3-O (Sub-Urban - Open) for a duplex structure or a single-family with ADU (mother-in-law suite). The property already has 2 separate FPL meters. Excellent candidate for future T4-L or T4-O upzoning as neighboring master-planned development unfolds. A 2 min drive or short walk from the prestigious Cushman School, Miami’s oldest operating private school for pre-K through 12th. Also a short walk from the charming restaurants and shops of 55th Street Station on Biscayne. Do not miss this prime investment opportunity.
Features
- First Floor Entry
- Family Room
- Room For Pool
- Other
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $2,528
- HOA
- None
Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Schedule a tour
Request a private or video tour with a local agent.
Run the numbers
We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
Enter rent, property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.