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… Read More 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 • Fully occupied four-unit income-producing property• $95,040 annual gross rental income• Desirable unit mix: one 2-bedroom, two 1-bedroom units, and one studio• T5-L (Urban Center – Limited) Miami 21 mixed-use zoning• Multiple rental strategies, including long-term, furnished, seasonal, and short-term rentals where permitted and licensed• Broad mixed-use potential for residential, retail, office, restaurant, wellness, and other compatible commercial uses (subject to City approvals)• Sale includes previously approved plans for a six-unit live/work multifamily development• Immediate cash flow with exceptional redevelopment and long-term appreciation potential• Prime location in Miami’s Historic MiMo District Read Less
Courtesy of Green Wave Realty Group Corp 305-951-1845
Listing Snapshot
Days Online
79
Last Updated
Property Type
Quadruplex
Square Ft.
2,262
Year Built
1957
MLS Number
A12003041
30 Days Snapshot Of 33138
$400k
-24%
(avg) sold price
3
+50%
homes sold
127
+28%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road frontage type: "West of US-1"
Building
Built in 1957, Living area: 2262, Construction materials: "Block", Other structures: "Outbuilding", Toal building area: 2262, 4 total units
Cooling
"Ceiling Fan(s)", "Wall/Window Unit(s)"
Fence
"Fenced"
Floors
"Tile"
Heating
"Separate Meters", "Electric"
Laundry
"Outside"
Lot
"Regular Lot"
Property
Patio and porch features: "Patio", Zoning: 6107
Roof
"Concrete"
Sewer
"Public Sewer"
Taxes
Annual amount: $17,000
Utilities
"Cable Available"
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