CASA MiMo - LIVE IT. RENT IT. REDEVELOP IT. A rare opportunity to acquire an income-producing property with future development potential in one of Miamis 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 Miamis 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.
Listed By
Agency Name: Douglas Elliman
Agency Phone: 305-695-6070
Shown By
Agent Name: Nicole Marks, P.A.
Agent Phone: (561) 445-8743
Agency Title: Realty 100
Estimated Payment
$ 2,867.52 per month $1,778.23 Principal & Interest $856.25 Property Tax $233.04 Homeowner's InsuranceIf the email address was found in our system, your password has been sent. Please check your inbox.
Back to Login
473 NE 61st St | MLS# A12082857
This single family home located at 473 NE 61st St , Miami, FL 33137 is currently listed for sale with an asking price of $799,000. This property was built in 1925 and has 5 bedrooms and 2 full baths with 1520 sq. ft. NE 61st St is located in the LEMON CITY WHITES subdivision. Search LEMON CITY WHITES real estate on www.nicolemarksrealtor.com today.