473 NE 61st St, Miami, FL, 33137
473 NE 61st St, Miami, FL, 33137 - Image 2473 NE 61st St, Miami, FL, 33137 - Image 3473 NE 61st St, Miami, FL, 33137 - Image 4473 NE 61st St, Miami, FL, 33137 - Image 5

473 NE 61st St, Miami, FL, 33137

5 bedrooms · 2 baths · 1,520 sq.ft.

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.

Information

Property typeSingle Family
Size1,520 sq.ft.
Plot size4,992 sqft
Year built1925
Stories1
Price per sq.ft.USD 526
Last sold2013-06-03
Last sold priceUSD 79,000
CountyMiami-Dade
ZIP code33137
LocationMiami, United States

USD 799,000

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Where it's located

Miami, United States

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