571 NE 67th St, Miami FL 33138

Description of 571 NE 67th St, Miami FL 33138

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

Property Details for 571 NE 67th St, Miami FL 33138

Flooring

Tile

Heating

Electric

Cooling

Ceiling Fan(s), Wall/Window Unit(s)

Pool Private

No

Year Built Details

Effective Year Built

Property Condition

Completely Renovated, Substantially Remodeled

Building Information for 571 NE 67th St, Miami FL 33138

Building Name

MORNINGSIDE AMD

Building Area Total

2262

Building Area Units

Square Feet

Stories

1

Stories Total

1

Association

No

Property Information for 571 NE 67th St, Miami FL 33138

Lot Features

Less Than 1/4 Acre Lot, Regular Lot, West Of US 1

Lot Size Square Feet

0

Waterfront

No

View

No

Construction Materials

Concrete Block Construction

Roof

Concrete

Sewer

Public Sewer

Water Source

Municipal Water

New Construction

No

Public Records for 571 NE 67th St, Miami FL 33138

Parcel Number

01-32-18-023-0660

Tax Annual Amount

$17,000

Tax Year

2,025

Tax Legal Description

MORNINGSIDE AMD PL PB 15-15 LOT 27 BLK 4 LOT SIZE 7200 SQUARE FEET COC 24614-0102 05 2006 1

Zoning

6107

County Or Parish

Miami-Dade County

Location