560 NE 63rd St Miami, FL 33138
Upper East Side North NeighborhoodEstimated payment $9,607/month
Highlights
- No HOA
- Concrete Block With Brick
- Ceiling Fan
- Morningside K-8 Academy Rated 9+
- Central Heating and Cooling System
- 5-minute walk to Legion Memorial Park
About This Home
Fully renovated fourplex located in the heart of the highly desirable MiMo District, offering an exceptional turnkey investment opportunity. The property features four spacious units, each thoughtfully designed with 2 bedrooms and 2 bathrooms, including a private en-suite bathroom.
Each unit showcases high-quality interior finishes throughout, custom-designed closet interiors, and elegant en-suite closets. The kitchens have been fully renovated with modern cabinetry and premium chrome appliances, delivering a clean, contemporary aesthetic. The building has also undergone a complete exterior renovation and is delivered in true turnkey condition.
Additional improvements include a brand-new roof (2025) and a recently completed full renovation, minimizing future capital expenditures. The property is currently partially occupied, with Unit 2 rented at $2,500 per month, while the remaining units offer strong rental upside based on current market rents.
Projected pro forma rents across all four units support a potential NOI of approximately $84,000, making this an outstanding opportunity for investors seeking stable income with value-add potential in a high-demand rental market.
Ideally located near Biscayne Boulevard, top dining, retail, and major roadways, this fourplex offers both long-term stability and attractive growth potential in one of Miami’s most sought-after neighborhoods.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $12,359
Year Built
- Built in 1969
Parking
- 4 Parking Spaces
Home Design
- Concrete Block With Brick
- Shingle Roof
Interior Spaces
- 2,803 Sq Ft Home
- 2-Story Property
- Ceiling Fan
Additional Features
- Property is zoned 3900
- Central Heating and Cooling System
Community Details
- No Home Owners Association
- North Gate Subdivision
Listing and Financial Details
- Assessor Parcel Number 01-32-18-024-0870
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $12,601 | $574,541 | -- | -- |
| 2024 | $11,985 | $522,310 | -- | -- |
| 2023 | $11,985 | $474,828 | $0 | $0 |
| 2022 | $11,191 | $431,662 | $0 | $0 |
| 2021 | $8,945 | $421,004 | $270,000 | $151,004 |
| 2020 | $9,022 | $423,623 | $270,000 | $153,623 |
| 2019 | $9,598 | $449,609 | $300,000 | $149,609 |
| 2018 | $7,111 | $452,114 | $300,000 | $152,114 |
| 2017 | $6,871 | $260,140 | $0 | $0 |
| 2016 | $6,287 | $236,491 | $0 | $0 |
| 2015 | $5,200 | $214,992 | $0 | $0 |
| 2014 | $4,432 | $195,448 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/26/2026 01/26/26 | For Sale | $1,650,000 | 0.0% | $589 / Sq Ft |
| 07/29/2017 07/29/17 | Rented | $1,500 | -9.1% | -- |
| 06/01/2017 06/01/17 | For Rent | $1,650 | -- | -- |
Source: MIAMI REALTORS® MLS
MLS Number: A11952956
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