571 NE 67th St Miami, FL 33138
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,262 sqft
Price per Sqft $684
Subdivision Morningside Amd
MLS Listing ID A12003041
Style Fourplex
HOA Y/N No
Year Built 1957
Annual Tax Amount $17,000
Tax Year 2025
Property Sub-Type Quadruplex
Property Description
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
Location
State FL
County Miami-dade
Community Morningside Amd
Area 32
Zoning 6107
Interior
Heating Electric
Cooling Ceiling Fan(s), Wall/Window Unit(s)
Flooring Tile
Window Features Blinds
Exterior
Exterior Feature Fence, Patio, Shed
Pool None
Community Features Laundry Facilities
Utilities Available Cable Available
Roof Type Concrete
Porch Patio
Total Parking Spaces 6
Private Pool No
Building
Lot Description Rectangular Lot, Sprinkler System, < 1/4 Acre
Story 1
Sewer Public Sewer
Water Public
Architectural Style Fourplex
Level or Stories One
Structure Type Block
Others
Tax ID 01-32-18-023-0660
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Listed As-Is
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12003041
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