473 NE 61st St, Miami, FL 33137

Description of 473 NE 61st St, Miami, FL 33137

CASA MiMo - LIVE IT. RENT IT. REDEVELOP IT. A rare opportunity to acquire an income-producing property with future development potential in one of Miami’s most dynamic and centrally located urban neighborhoods. Currently operating as a successful Airbnb, CASA MiMo offers an immediate opportunity for investors seeking short-term rental income while holding a strategically located piece of Miami real estate. The approximately 1,520 SF property sits on a 4,992 SF lot and offers 5 bedrooms and 2 bathrooms in its current configuration, creating exceptional flexibility for guests, owner-users and investors alike. The real upside is in the land. Zoned T4-R (General Urban – Restricted) under Miami 21, the property offers potential for future redevelopment, including a new single-family residence or two-family/duplex project, with T4 zoning generally allowing development up to 3 stories, subject to applicable City requirements and approvals. Ideally positioned near Miami’s Upper Eastside, MiMo District, Little River, Design District, Midtown and Wynwood, this is the type of property investors search for: income today, land value tomorrow, and multiple potential exit strategies. Continue operating the existing income-producing property, reposition it as a duplex, create a Miami residence, or explore redevelopment of the site. Opportunities combining location, existing income and redevelopment potential at this price point are increasingly difficult to find.

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

Bathrooms Full

2

Bathrooms Half

0

Interior Features

First Floor Entry, Pantry, Other

Appliances

Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Self Cleaning Oven, Washer

Flooring

Vinyl

Heating

Central

Cooling

Central Air

Architectural Style

Attached, One Story

Garage Spaces

0

Parking Features

Additional Spaces Available, Driveway

Pool Features

Above Ground

Pool Private

No

Year Built Details

Resale

Direction Faces

South

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

Building Name

LEMON CITY WHITES

Building Area Total

1520

Building Area Units

Square Feet

Association

No

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

Lot Features

Less Than 1/4 Acre Lot

Lot Size Square Feet

4,992

Waterfront

No

View

Garden

Construction Materials

Frame With Stucco

Roof

Shingle

Exterior Features

None

Sewer

Public Sewer

Water Source

Municipal Water

New Construction

No

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

Parcel Number

01-32-18-030-0220

Tax Annual Amount

$10,275

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

Schools Near 473 NE 61st St, Miami, FL 33137

Middle School

Horace Mann

High School

Miami Edison

School assignments are provided by the listing and should be independently verified.

Location