$1,549,000

571 NE 67th Street, Miami, FL 33138

  • 2,262 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1957
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $685/sqft
  • Property List Date Icon Listed 3 months ago

Property 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

Listing Status:
Active
Date Added:
April 20, 2026
Data Last Updated:
August 6, 2026 at 2:18AM
Listing Office:
Green Wave Realty Group Corp : 305-951-1845
Listing Agent:
Adriana Molina : 305-215-5070
MLS ID:
A12003041
  • Laundry: Outside
  • Flooring: Tile
  • A/C: Ceiling Fan(s)Wall/Window Unit(s)
  • Heating: ElectricSeparate Meters
  • General: Outdoor Living AreaOutbuilding
  • Other Structures: OutbuildingPatio
  • Parking: Parking spaces: 6
  • Roofing: Concrete
  • General: Block1
  • Originating MLS: BEACH_MIAMI
  • County: Miami-Dade
  • 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: Cable Available
  • Water: Public
  • Sewer: Public Sewer
  • Source: BEACH_MIAMI

This listing courtesy of Adriana Molina , Green Wave Realty Group Corp

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

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