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1063 NW 55th Terrace, Miami, FL 33127

$496,500
Property Type: Residential Income Square Footage: 576 Status: Active
Current Price: $496,500 List Date: 6/16/2026 Last Modified: 7/23/2026

Overview

Description

Investment opportunity with strong income and value-add potential. Fully renovated 2/1 main home featuring new roof, modern kitchen, updated bathroom, and new flooring, ready for immediate occupancy or rental. Property includes a detached structure currently configured with living space and bathroom and recorded as storage, offering significant upside potential for investors, BRRRR strategy, or redevelopment. Located in a high-demand rental area with strong tenant demand. Ideal for long-term hold or 1031 exchange buyers. Expansion and use subject to zoning, permits, and municipal approvals. Buyer to verify all information.

Listing Details MLS# B26041523

General Property Information

Number Of Units Total
2
Property Sub Type
Duplex
Building Area Main
576
Building Area Source
Other
Living Area Main
576
Living Area Source
Other
Adjusted Area Main
588
Accessibility Features YN
No
Year Built
1930
Parking Total
6
Gated Community YN
No
Lot Size Area
6300
Lot Size Acres
0.14
Senior Community YN
No
Stories Total
Yes
Pool Private YN
No
LP/Assessed Value
9.31

Property Features

Documents Available: Other Available Information Exterior Features: Other Flooring: Wood Leasing Permitted Details: Okay To Lease Property Condition: Updated/Remodeled Special Listing Conditions: Standard Tenant Pays: None Construction Materials: Stucco; Other Cooling: Central Air Heating: Electric Listing Terms: Cash; Conventional; FHA Main Living Area: Entry Level Pets Allowed YN: Yes Pets Allowed: No Restrictions Possession: Negotiable Restrictions: No Exterior Alterations Roof: Shingle Sewer: Public Sewer Tax Information: Tax Reflects No Exemptions Utilities: Electricity Connected; Sewer Available; Water Available Water Source: Public Showing Requirements: Lockbox Unit 1 Appliances: Range; Refrigerator Unit 1 Other Equipment: Air Conditioning Unit Unit 1 Parking Features: Parking Space Unit 1 Rooms: Family Room; Kitchen Unit 2 Appliances: Other Unit 2 Other Equipment: Other Equipment Unit 2 Parking Features: Parking Space Unit 2 Rooms: Den Acreage Description: Less Than 1/4 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
496500
Listing Service
Full Service

Location and Legal

Country
United States
County Or Parish
Miami-Dade
Street Number
1063
Street Direction Prefix
NW
Street Name
55th
Street Suffix
Terrace
Municipality Type
Incorporated
Municipal Code
01
State Or Province
FL
Postal Code
33127
Postal Code +4
1433
Subdivision Name
BOWLING GREEN EXTENSION
Area
2310
Geographic Area
DADE
Elementary School
Orchard Villa
Middle Or Junior School
Brownsville
High School
Miami Northwestern
Special Assessment YN
No
Parcel Number
0131140320370
Subdivision Number
32
Zoning
0104
Flood Zone
X

Financial Information

Master Association YN
No
Tax Annual Amount
2698.72
Tax Year
2025
Tax Assessed/SOH Value
53345
Tax Legal Description
14 53 41 BOWLING GREEN EXTN PB 10-62 LOT 6 & STRIP OF LAND 26 X 50 FT ADJ ON NORTH BLK 3 LOT SIZE 50.000 X 126 OR 17094-0558 0290 1
Assessor Market Value
242169
Estimated Monthly Assoc Recurring Fee
0

Status Change Information

Major Change Timestamp
2026-06-16T03:24:35Z
Major Change Type
New Listing
Status Change Date
2026-06-15

More Information

Leasing Permitted Details

Leasing Permitted YN
Yes
Okay To Lease
Yes

Meter Information

Separate Electric Meters YN
No
Separate Gas Meters YN
No
Separate Water Meters YN
No

Pet Details

Pet Fee YN
No

Leasing Restrictions

Leasing - Max Times Per Year
180
Leasing - Minimum Number of Days
180

Unit 1 Details

Baths Full
Yes
Efficiency YN
No
Furnished
Unfurnished
Hotel Room YN
No
SqFt
576
Actual Rent
0

Unit 1 Lease Description

Currently Leased YN
No

Unit 1 Parking Details

Carport YN
No
Garage YN
No

Unit 2 Details

Baths Full
Yes
Baths Half
Yes
Efficiency YN
No
Furnished
Unfurnished
Hotel Room YN
No
SqFt
115
Actual Rent
0

Unit 2 Lease Description

Currently Leased YN
No

Unit 2 Parking Details

Carport YN
No
Garage YN
No

Price Calculations

Current Price To SqFt
861.97

Originating Details

Originating System Key
20260615215309364259000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Exterior Features

Other
Yes

Flooring

Wood
Yes

Property Condition

Updated/Remodeled
Yes

Special Listing Conditions

Standard
Yes

Documents Available

Other Available Information
Yes

Tenant Pays

None
Yes

Possession

Negotiable
Yes

Sewer

Public Sewer
Yes

Utilities

Electricity Connected
Yes
Sewer Available
Yes
Water Available
Yes

Heating

Electric
Yes

Construction Materials

Stucco
Yes
Other
Yes

Listing Terms

Cash
Yes
Conventional
Yes
FHA
Yes

Roof

Shingle
Yes

Water Source

Public
Yes

Cooling

Central Air
Yes

Showing Requirements

Lockbox
Yes

Main Living Area

Entry Level
Yes

Pets Allowed YN

Yes
Yes

Pets Allowed

No Restrictions
Yes

Restrictions

No Exterior Alterations
Yes

Tax Information

Tax Reflects No Exemptions
Yes

Unit 1 Appliances

Range
Yes
Refrigerator
Yes

Unit 1 Other Equipment

Air Conditioning Unit
Yes

Unit 1 Parking Features

Parking Space
Yes

Unit 1 Rooms

Family Room
Yes
Kitchen
Yes

Unit 2 Appliances

Other
Yes

Unit 2 Other Equipment

Other Equipment
Yes

Unit 2 Parking Features

Parking Space
Yes

Unit 2 Rooms

Den
Yes

Acreage Description

Less Than 1/4 Acre Lot
Yes
Less Than 1 Acre Lot
Yes
IDX
Listing Office: Real Estate Empire Group, Inc.
Last Updated: July - 23 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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