571 67th St ,Quadruplex, Morningside Amd for Sale

571 67th St for Sale

Price $1,549,000.00

• Lot size 2262
• Year Build 1957
• Waterfront
• Zip 33138
• Style
• Parking Description
• Pool Yes
• Status Active

Description

Fourplex with T5L Zoning + Previously Approved 6 Unit Development Plans in Miami's MiMo District. Exceptional investment opportunity in the heart of Miami's rapidly evolving MiMo District. This 4-unit multifamily property sits on a 7,200 SF lot and offers a unique combination of immediate income, value-add potential, and future development upside. The property features a desirable unit mix including a 2-bedroom, two 1-bedrooms units, and a studio, with three units currently leased and one vacant-providing immediate opportunity to increase income or reposition for short-term rentals. Zoned T5L, the property allows for flexible urban development, including short-term rentals (Airbnb), and comes with previously approved plans for a 6-unit live/work multifamily building, significantly reducing entitlement timelines for developers. Located just steps from Biscayne Boulevard and within close proximity to the Design District, Wynwood, and Midtown, the property is surrounded by major new developments including Adela at MiMo Bay, Adela II, and 01 MiMo Condominiums - further enhancing long-term value and demand. Whether you're an investor seeking strong income with upside, or a developer looking for a well-positioned site in a high-growth corridor, this property offers multiple paths to value creation.

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

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

Fourplex with T5L Zoning + Previously Approved 6 Unit Development Plans in Miami's MiMo District. Exceptional investment opportunity in the heart of Miami's rapidly evolving MiMo District. This 4-unit multifamily property sits on a 7,200 SF lot and offers a unique combination of immediate income, value-add potential, and future development upside. The property features a desirable unit mix including a 2-bedroom, two 1-bedrooms units, and a studio, with three units currently leased and one vacant-providing immediate opportunity to increase income or reposition for short-term rentals. Zoned T5L, the property allows for flexible urban development, including short-term rentals (Airbnb), and comes with previously approved plans for a 6-unit live/work multifamily building, significantly reducing entitlement timelines for developers. Located just steps from Biscayne Boulevard and within close proximity to the Design District, Wynwood, and Midtown, the property is surrounded by major new developments including Adela at MiMo Bay, Adela II, and 01 MiMo Condominiums - further enhancing long-term value and demand. Whether you're an investor seeking strong income with upside, or a developer looking for a well-positioned site in a high-growth corridor, this property offers multiple paths to value creation.

City:Miami,Zoning:6107,Cooling:1:Wall/Window Unit(s),List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2025,Latitude:25.8376063,Cooling Y N:1,Heating Y N:1,List Price:1549000,Listing Id:A12003041,Longitude:-80.1849245,Mls Status:Active,Year Built:1957,Living Area:2262,Postal Code:33138,Street Name:67th St,Coordinates:1:25.8376063,Lot Features:1:Regular Lot,2:West Of US 1,Photos Count:30,Building Name:MORNINGSIDE AMD,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M I A M I R E_ Area:32,M L S Area Major:Morningside Amd,On Market Date:2026-04-20,Parcel Number:01-32-18-023-0660,Parking Total:6,Property Type:Residential Income,Rent Includes:1:Trash Collection,2:Water,Stories Total:1,Street Number:571,M I A M I R E_ Style:Fourplex,Public Remarks:Fourplex with T5L Zoning + Previously Approved 6 Unit Development Plans in Miami's MiMo District. Exceptional investment opportunity in the heart of Miami's rapidly evolving MiMo District. This 4-unit multifamily property sits on a 7,200 SF lot and offers a unique combination of immediate income, value-add potential, and future development upside. The property features a desirable unit mix including a 2-bedroom, two 1-bedrooms units, and a studio, with three units currently leased and one vacant-providing immediate opportunity to increase income or reposition for short-term rentals. Zoned T5L, the property allows for flexible urban development, including short-term rentals (Airbnb), and comes with previously approved plans for a 6-unit live/work multifamily building, significantly reducing entitlement timelines for developers. Located just steps from Biscayne Boulevard and within close proximity to the Design District, Wynwood, and Midtown, the property is surrounded by major new developments including Adela at MiMo Bay, Adela II, and 01 MiMo Condominiums - further enhancing long-term value and demand. Whether you're an investor seeking strong income with upside, or a developer looking for a well-positioned site in a high-growth corridor, this property offers multiple paths to value creation.,Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,Expiration Date:2026-07-31,List Office Name:Green Wave Realty Group Corp,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:5644,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:NE,Subdivision Name:MORNINGSIDE AMD,Tax Annual Amount:17000,Total Actual Rent:72240,Unparsed Address:571 NE 67th St, Miami FL 33138,Listing Agreement:Exclusive Right To Sell,Operating Expense:25500,Year Built Details:Effective Year Built,Building Area Total:2262,Building Area Units:Square Feet,Leasable Area Units:Square Feet,M I A M I R E_ Flood Zone:X,M I A M I R E_ L P Amt Sq Ft:684.7922,Original List Price:1549000,Property Condition:1:Substantially Remodeled,Public Survey Range:32,Building Area Source:Building Plan/Survey,Documents Available:1:Rent Rolls,2:Existing Survey,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Net Operating Income:46740,Number Of Units Total:4,Syndication Remarks:Fourplex with T5L Zoning + Previously Approved 6 Unit Development Plans in Miami's MiMo District. Exceptional investment opportunity in the heart of Miami's rapidly evolving MiMo District. This 4-unit multifamily property sits on a 7,200 SF lot and offers a unique combination of immediate income, value-add potential, and future development upside. The property features a desirable unit mix including a 2-bedroom, two 1-bedrooms units, and a studio, with three units currently leased and one vacant-providing immediate opportunity to increase income or reposition for short-term rentals. Zoned T5L, the property allows for flexible urban development, including short-term rentals (Airbnb), and comes with previously approved plans for a 6-unit live/work multifamily building, significantly reducing entitlement timelines for developers. Located just steps from Biscayne Boulevard and within close proximity to the Design District, Wynwood, and Midtown, the property is surrounded by major new developments including Adela at MiMo Bay, Adela II, and 01 MiMo Condominiums - further enhancing long-term value and demand. Whether you're an investor seeking strong income with upside, or a developer looking for a well-positioned site in a high-growth corridor, this property offers multiple paths to value creation.,Listing Contract Date:2026-04-20,Originating System I D:miamire,Public Survey Section:18,Showing Instructions:Appointment Only,Call Listing Agent,See Broker Remarks,Street Number Numeric:571,Tax Legal Description:MORNINGSIDE AMD PL PB 15-15 LOT 27 BLK 4 LOT SIZE 7200 SQUARE FEET COC 24614-0102 05 2006 1,M I A M I R E_ Current Price:1549000,M I A M I R E_ Owner Agent Y N:1,Public Survey Township:32,M I A M I R E_ Municipal Code:0,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Adjusted Area S F:2262,M I A M I R E_ Internet Remarks:4 Unit Income Producing Property. T5L zoning short term rentals allowed. Previously approved plans for 6 unit development. HighGrowth MiMo corridor,M I A M I R E_ Parcel Number M L X:0660,M I A M I R E_ Separate Meter Y N:1,M I A M I R E_ Street View Param:1$25.837596$-80.184884$217.56$13.33$1.00$CAoSF0NJSE0wb2dLRUlDQWdJQ0p2NmFDeHdF,Contract Status Change Date:2026-04-20,Internet Address Display Y N:1,M I A M I R E_ Cable Available Y N:1,Number Of Units In Community:4,M I A M I R E_ Ok To Advertise List:With Written Broker Approval,M I A M I R E_ Subdivision Number:23,M I A M I R E_ Exp Incl Insurance Y N:1,M I A M I R E_ Agent Alternate Phone:305-215-5070,M I A M I R E_ Supplemental Remarks:571 NE 67th ST, Miami FL 33138. Covered Land Play with Income + Approved Development Plans. Investment Highlights: 4 Unit Multifamily on 7,200 SQFT Lot. T5L Zoning (Short term rentals allowed). Previously Approved plans for 6 unit live/work project. Located in rapidly transforming MiMo District. Surrounded by new developments: Adela at MiMo Bay, Adela II at MiMo Bay, 01 MiMo Condo Current Income: Gross Income: $72,240/Y. NOI: $46740. 3 units leased (stable income). 1 unit vacant, immediate upside Stabilized Potential: Projected NOI: $69,500. Strong rental demand area. Airbnb/Short term rental potential (T5L) Development Opportunity: Previously approved plans reduce entitlement risk. Build 6 units (live/work concept). Ideal for: Developer. Long term hold investor. Hybrid STR operator. Investment Thesis: Acquire below replacement cost, generate income while holding, and capitalize on zoning + neighborhood transformation for long term upside.,M I A M I R E_ Exp Incl Property Tax Y N:1,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:571 NE 67th St,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:684.79,