571 Ne 67Th St, Miami, FL

House

For Sale

Listed price in listed location currency (USD).

$1,549,000

006

MLS® A12003041

Overview

Key Facts

Type Quadruplex

Levels Residential Income

Size 2262 sqft

Garage

Taxes $17,000

Days Active 92

Lot Size

Approx. Age 1957

Avg. Price Per Sqft $684

MLS® Number A12003041

Property Address: 571 Ne 67th St, Miami, FL, 33138-5644

Average square foot calculated using Size range provided by listing agent.

Description

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 Miami's 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 property's 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 Miami's fastest-growing neighborhoods • Fully occupied four-unit income-producing property• $95, 040 annual gross rental income• Desirable unit mix: one 2-bedroom, two 1-bedroom units, and one studio• T5-L (Urban Center – Limited) Miami 21 mixed-use zoning• Multiple rental strategies, including long-term, furnished, seasonal, and short-term rentals where permitted and licensed• Broad mixed-use potential for residential, retail, office, restaurant, wellness, and other compatible commercial uses (subject to City approvals)• Sale includes previously approved plans for a six-unit live/work multifamily development• Immediate cash flow with exceptional redevelopment and long-term appreciation potential• Prime location in Miami’s Historic MiMo District

MLS® NumberA12003041

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1957

Basement

Driveway

Garage Spaces

HeatElectric, Separate Meters

A/CCeiling Fans, Wall Window Units

Extras

Map

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