Property Description

CASA MiMo – LIVE IT. RENT IT. REDEVELOP IT. A rare opportunity to acquire an income-producing property with future development potential in one of Miami’s most dynamic and centrally located urban neighborhoods. Currently operating as a successful Airbnb, CASA MiMo offers an immediate opportunity for investors seeking short-term rental income while holding a strategically located piece of Miami real estate. The approximately 1,520 SF property sits on a 4,992 SF lot and offers 5 bedrooms and 2 bathrooms in its current configuration, creating exceptional flexibility for guests, owner-users and investors alike. The real upside is in the land. Zoned T4-R (General Urban – Restricted) under Miami 21, the property offers potential for future redevelopment, including a new single-family residence or two-family/duplex project, with T4 zoning generally allowing development up to 3 stories, subject to applicable City requirements and approvals. Ideally positioned near Miami’s Upper Eastside, MiMo District, Little River, Design District, Midtown and Wynwood, this is the type of property investors search for: income today, land value tomorrow, and multiple potential exit strategies. Continue operating the existing income-producing property, reposition it as a duplex, create a Miami residence, or explore redevelopment of the site. Opportunities combining location, existing income and redevelopment potential at this price point are increasingly difficult to find.

Features
Swimming Pool
Heating System
Cooling System
View
Appliances
Architectural Style
Parking Features
Roof
Sewer
Address Map
State:
FL
County:
Miami-Dade
City:
Miami
Zipcode:
33137
Street:
473 Ne 61st St, Miami, Florida 33137
Longitude:
W81° 48' 48.7''
Latitude:
N25° 49' 58.2''
MLS Addon
Bathrooms Total:
2
Building Area:
1,520 Sqft
Construction Materials
Cumulative DOM:
47
DOM:
47
Direction Faces:
South
Exterior Features
Flooring
Interior Features
Internet Address Display:
1
Internet Listing Display:
1
Lot Features
Parcel Number:
01-32-18-030-0220
Subdivision Name:
LEMON CITY WHITES
Tax Annual Amount:
$10,275
Virtual Tour:
Click Here

Residential For Sale

473 Ne 61st St, Miami, Florida 33137, Miami, Florida 33137

5 Bedrooms
2 Bathrooms
1,520 Sqft
$799,000
MLS # #A12082857
Basic Details
Property Type :
Residential
Listing Type :
For Sale
Price :
$799,000
Bedrooms :
5
Bathrooms :
2
Square Footage :
1,520 Sqft
Year Built :
1925
Lot Area :
4,992 Sqft
MLS # :
A12082857
Agent info
Contact Agent