571 NE 67th Street, Miami, FL 33138

• 2,262 sqft

Property Description

Fourplex with T5L Zoning + Previously Approved 6 Unit Development Plans in Miami's MiMo District.Exceptional investment opportunity in the heart of Miami's rapidly evolving MiMo District. This 4-unit multifamily property sits on a 7,200 SF lot and offers a unique combination of immediate income, value-add potential, and future development upside.The property features a desirable unit mix including a 2-bedroom, two 1-bedrooms units, and a studio, with three units currently leased and one vacant-providing immediate opportunity to increase income or reposition for short-term rentals.Zoned T5L, the property allows for flexible urban development, including short-term rentals (Airbnb), and comes with previously approved plans for a 6-unit live/work multifamily building, significantly reducing entitlement timelines for developers.Located just steps from Biscayne Boulevard and within close proximity to the Design District, Wynwood, and Midtown, the property is surrounded by major new developments including Adela at MiMo Bay, Adela II, and 01 MiMo Condominiums - further enhancing long-term value and demand.Whether you're an investor seeking strong income with upside, or a developer looking for a well-positioned site in a high-growth corridor, this property offers multiple paths to value creation. 571 NE 67th ST, Miami FL 33138.Covered Land Play with Income + Approved Development Plans.Investment Highlights:4 Unit Multifamily on 7,200 SQFT Lot.T5L Zoning (Short term rentals allowed).Previously Approved plans for 6 unit live/work project.Located in rapidly transforming MiMo District.Surrounded by new developments: Adela at MiMo Bay, Adela II at MiMo Bay, 01 MiMo CondoCurrent Income:Gross Income: $72,240/Y.NOI: $46740.3 units leased (stable income).1 unit vacant, immediate upsideStabilized Potential:Projected NOI: $69,500.Strong rental demand area.Airbnb/Short term rental potential (T5L)Development Opportunity:Previously approved plans reduce entitlement risk.Build 6 units (live/work concept).Ideal for:Developer.Long term hold investor.Hybrid STR operator. Investment Thesis:Acquire below replacement cost, generate income while holding, and capitalize on zoning + neighborhood transformation for long term upside.

Listing Status:

Active

Date Added:

April 20, 2026

Data Last Updated:

June 19, 2026 at 8:19PM

Listing Office:

Green Wave Realty Group Corp : 305-951-1845

Listing Agent:

Adriana Molina : 305-215-5070

MLS ID:

A12003041

Interior

• Laundry: Outside
• Flooring: Tile
• A/C: Ceiling Fan(s)Wall/Window Unit(s)
• Heating: ElectricSeparate Meters

Exterior

• General: Outdoor Living AreaOutbuilding
• Other Structures: OutbuildingPatio
• Parking: Parking spaces: 6

Construction

• Roofing: Concrete
• General: Block1

Location

• Originating MLS: BEACH_MIAMI
• County: Miami-Dade

Lot

• Zoning: 6107MORNINGSIDE AMD PL PB 15-15 LOT 27 BLK 4 LOT SIZE 7200 SQUARE FEET COC 24614-0102 05 2006 10132180230660
• Fencing: Fenced

Utilities

• Utilities: Cable Available
• Water: Public
• Sewer: Public Sewer

Financial

• Source: BEACH_MIAMI