473 NE 61st St, Miami FL 33137

Description of 473 NE 61st St, Miami FL 33137

Located at 473 NE 61st St, this 5-bedroom, 2-bathroom property is strategically positioned in the heart of one of Miami's most aggressive development frontiers. This submarket, bridging the Upper East Side and the Little River/Magic City Innovation District, is currently seeing a massive influx of capital, with new mixed-use projects and commercial revitalization driving a sharp upward trend in land values. For an investor, this means the asset is not just an income-producer, but a prime candidate for significant long-term capital appreciation. The property currently operates as a high-performing Airbnb, generating a proven Net Operating Income (NOI) of $66,268.00. Configured as a spacious single-family residence to maximize average daily rates (ADR) and guest capacity, the property also retains its status as a legal duplex. With T4-R zoning, the investor has the built-in flexibility to either maintain the high-yield short-term rental model or convert the asset back into a multi-unit configuration to capitalize on the area's soaring long-term rental demand. The 4,992 sq. ft. lot and upgraded amenities, including a private hot tub, provide a turnkey, stabilized vehicle in a neighborhood rapidly transitioning into a premier urban destination.

Property Details for 473 NE 61st St, Miami FL 33137

Heating

Central

Cooling

Central Air

Architectural Style

Attached

Pool Features

Above Ground

Pool Private

No

Year Built Details

Effective Year Built

Building Information for 473 NE 61st St, Miami FL 33137

Building Name

LEMON CITY WHITES

Building Area Total

1520

Building Area Units

Square Feet

Stories

1

Stories Total

1

Association

No

Property Information for 473 NE 61st St, Miami FL 33137

Lot Features

Less Than 1/4 Acre Lot

Lot Size Square Feet

0

Waterfront

No

View

No

Construction Materials

Concrete Block Construction

Roof

Shingle

Sewer

Public Sewer

New Construction

No

Public Records for 473 NE 61st St, Miami FL 33137

Parcel Number

01-32-18-030-0220

Tax Annual Amount

$10,172

Tax Year

2,025

Tax Legal Description

LEMON CITY WHITES PB B-32 E3FT OF LOT 50 & LOT 51 LESS E1FT & LESS S4FT THEREOF LOT SIZE 4992 SQ FT OR 19974-2370 10 2001 1 COC 24415-0852 0

Zoning

3900

County Or Parish

Miami-Dade County

Location