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571 NE 67th St Miami, FL 33138

$1,549,000
Active / MLS# A12115092 / Multi Unit - Multiple / Miami
0 Beds
2262 SqFt

Rare opportunity to acquire a fully occupied income producing property -fourplex- with flexible T5-L mixed zoning, multiple rental strategies, and included redevelopment plans in the heart of Miamis thriving MiMo District. Currently generating $95,040 in annual gross rental income, this property offers immediate cash flow while providing exceptional long-term upside through its highly desirable T5-L zoning. The property features a desirable unit mix consisting of one 2bedroom/2bathroom unit, two 1bedroom/1bath units, and one studio apartment, creating diversified rental income and broad tenant appeal. Situated on a 7,150 SF lot, this is far more than a traditional multifamily investment. The propertys flexible mixed-use zoning supports multiple investment strategies, allowing an owner to continue operating as a successful long-term rental property, explore furnished or seasonal rental opportunities, pursue short-term rental uses, or incorporate compatible commercial and professional uses. For developers and value-add investors, the opportunity is even greater. The sale includes previously approved plans for a six-unit live/work multifamily building, offering valuable head start by potentially reducing entitlement timelines and accelerating the redevelopment process. This property uniquely combines cash flow today, exceptional zoning flexibility, and significant development potential in one of Miamis fastest-growing neighborhoods

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Estimated Payment

$ 5,854.22 per month $3,985.76 Principal & Interest $1,416.67 Property Tax $451.79 Homeowner's Insurance
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Property Details

Property Type: Multi Unit - Multiple
Cooling: Ceiling Fan(s), Wall/Window Unit(s)
Fenced: Yes
Heating: Electric
Roof Type: Concrete
Stories: 1.0
Taxes: $17,000
Year Built: 1957

Feature Descriptions

Building Features: Laundry Facility
Crops Included Y/N: No
Exterior: Concrete Block Construction
Fencing: Fenced
Flooring: Tile
Home Warranty Y/N: No
Lease Considered Y/N: No
Listing Terms: All Cash, Conventional
Lot: Less Than 1/4 Acre Lot, Regular Lot, West Of US 1
Parcel#: 01-32-18-023-0660
Patio/Porch: Patio
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Sewer: Public Sewer
Units: 4
Water: Municipal Water
Window: Blinds

Location

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Listing Office: Green Wave Realty Group Corp

Listing Office Phone: 305-951-1845

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