
$1,549,000
Apartment for Sale, 571 NE 67th St, Miami, Florida 33138
- MLS#A12003041
210 m² (2,262 ft²)
Listed By Green Wave Realty Group Corp
The Apartment for Sale located at 571 NE 67th St, Miami, Florida 33138 is currently for sale.
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
Location
571 NE 67th St, Miami, Florida 33138
Property features
Property
- Property size:
210 m² (2,262 ft²) - Features: Patio
- Other building structures: Extra Building/Shed
Lot/Land
- Lot Description: Fenced
Construction
- Year built: 1957
- Roofing: Concrete
- Condition: RemodeledRenovated
- Construction: Concrete/Block
Interior Features
- Windows: Window Blinds
- Floors: Tile
Exterior Features
- Outdoor spaces: Patio
- Carport spaces:
Heating and Cooling
- Heating System: Electric
- Cooling System: Ceiling FanWall Or Window Units
Utilities
- Other utilities: Public SewerMunicipal Water