CASA MiMo - LIVE IT. RENT IT. REDEVELOP IT. A rare opportunity to acquire an income-producing property with future development potential in one of Miami’s 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… Read More 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 Miami’s 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. Read Less
Courtesy of Douglas Elliman 305-695-6070
Listing Snapshot
Days Online
47
Last Updated
Property Type
Single Family Residence
Beds
5
Full Baths
2
Square Ft.
1,520
Lot Size
0.11 Acres
Year Built
1925
MLS Number
A12082857
Additional Details
Appliances & Equipment
Dishwasher, Dryer, Electric Range, Microwave, Oven, Refrigerator, Washer
Building
Built in 1925, Living area: 1520.0, Building faces South, 1 storey, Levels: One, Entry level: 1, Construction Materials: Frame, Stucco
Cooling
Central Air
Exterior Features
None
Floors
Laminate, Vinyl
Heating
Central
Home Owner's Association
Amenities: Laundry
Interior Features
Pantry
Lot
0.11 acres
Parking
Driveway
Pets Policy
Allowed: Yes
Pool
Above Ground
Property
Resale, Garden
Roof
Shingle
Sewer
Public Sewer
Taxes
Parcel Number: 0132180300220, Annual Amount: $10,275, Legal Description: LEMON CITY WHITES PB B-32 E3FT OF LOT 50 & LOT 51 LESS E1FT & LESS S4FT THEREOF LOT SIZE 4992 SQ FT OR 19974-2370 10 2001 1 COC 24415-0852 0, Year: 2025, Zoning: 3900
Utilities
Water Source: Public
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