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$1,650,000
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Property Description
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.
Full Property Details
Full Property Details for 560 NE 63rd St
General
- Price: $1,650,000
- Taxes: $12,359 (2025)
- Status: Active
- Type: Multi-Family
- Source: Greater_Miami
- MLS ID: A11952956
- Updated: 1/27/2026
- Added to Site: 33 day(s) ago
Rental Information
- Rent Includes: Gardener
Parking
- Total Spaces: 4
Location
- Area: North Gate
- County: Miami-Dade County
- Subdivision: NORTH GATE
- Building Name: NORTH GATE
Community
- Community Name: North Gate
- Units Assoc/Comm: 4
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Ceiling Fan(s), Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
Structural Information
- Architectural Style: Detached
- Structure Type: Quadruplex, Fourplex
- Detached/Attached: Detached
- Construction: Concrete Block With Brick
- Roof: Shingle
- Stories/Levels: 2
- Building Size: 2803
- Square Feet: 2,803
- Living Area: 2,803 Sq. Ft.
- Year Built: 1969
Unit Information
- Units in Complex: 4
Lot Features
- Lot Features: Less Than 1/4 Acre Lot
- Zoning: 3900
Financial Considerations
- Price Per Sq. Ft.: $588.66
- Tax Amount: $12,359
- Tax Year: 2025
- Terms: All Cash, Conventional, Cryptocurrency, VA Loan
Disclosures and Reports
- Documents Avail.: Financial Statement
- 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
- Property ID: 01-32-18-024-0870
Listed by Brickell Brokers LLC
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Schools
Schools serving 560 NE 63rd St
School District:Dade County School District
| Name | Grades | Distance |
|---|---|---|
Morningside K-8 Academy 6620 Northeast 5th Avenue, Miami, FL 33138 | PK-5 | 0.3 mi |
Horace Mann Middle School 8950 Nw 2nd Ave, El Portal, FL 33150 | 6-8 | 1.9 mi |
Miami Edison Senior High School 6161 Northwest 5th Court, Miami, FL 33127 | 9-12 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 560 NE 63rd St
Date
Details
Price
Change
Source
1/26/2026
Listed
$1,650,000
37.5%
MLS
3/30/2025
Sold
$1,200,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 560 NE 63rd St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$12,601
5%
$845,995
5%
2023
$11,985
34%
$806,868
92%
2021
$8,945
-20%
$421,004
-46%
2022
$11,191
24%
$779,583
84%
2020
$9,022
-6%
$423,623
-6%
2019
$9,598
35%
$449,609
57%
2018
$7,111
3%
$286,154
-37%
2017
$6,871
9%
$454,619
92%
2016
$6,287
21%
$236,491
10%
2015
$5,200
17%
$214,992
10%
2014
$4,432
9%
$195,448
9%
2013
$4,065
—
$179,438
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 560 NE 63rd St
560 NE 63rd St, Miami, FL 33138 (MLS# A11952956) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 560 NE 63rd St is currently listed for $1,650,000 and was received on January 26, 2026. Want to learn more about 560 NE 63rd St? Do you have questions about finding other Multi-Family real estate for sale in Miami? You can browse all Miami real estate or contact a Coldwell Banker agent to request more information.

