No photos available
Offered at
$1,549,000
571 NE 67th Street, Miami, FL 33138
- 0
- Beds
- 0
- Full Baths
- 2,262
- Sq.Ft.
Listing courtesy of Adriana Molina, Green Wave Realty Group Corp
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.
Overview
At a glance
- Property Type
- Residential Income
- Property Sub-Type
- Quadruplex
- Address
- 571 NE 67th Street, Miami, FL 33138
- Zoning
- 6107
- MLS ID
- A12003041
- Listing Date
- 2026-04-20
- Last Updated
- 6/16/2026, 6:47:00 PM
- Days on Market
- 62
- Subdivision
- MORNINGSIDE AMD
Features & Amenities
The Details
Interior
- Flooring
- Tile
- Laundry
- Outside
Exterior
- Construction
- Block
- Patio & Porch
- Patio
- Fencing
- Fenced
- Water Source
- Public
- Sewer
- Public Sewer
- Utilities
- Cable Available
- Cooling
- Ceiling Fan(s), Wall/Window Unit(s)
- Heating
- Electric, Separate Meters
Details
- Building Area
- 2,262 sq.ft.
- Subdivision
- MORNINGSIDE AMD
- Stories
- 1
- Year Built
- 1957
- County
- Miami-Dade
- Zoning
- 6107
Financial
- List Price
- $1,549,000
- Original List Price
- $1,549,000
- Annual Tax
- $17,000/yr
- Tax Year
- 2025
Location
Inquire
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Learn More →Information & Accuracy
All information provided on this page is deemed reliable but is not guaranteed. Square footage, lot size, room dimensions, year built, taxes, and HOA figures are sourced from the MLS, the seller, or public records, and Aquantis Realty makes no representation or warranty as to their accuracy. All measurements and material facts should be independently verified by the buyer.