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Alex Mendel

alex@mendelgroupfl.com +1(561) 827-8449

$ 1,549,000

Est. payment -/mo

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Active

571 NE 67th St Miami, FL 33138

2,262 SqFt

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

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 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

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

Miami Association of Realtors (SEFMIAMI MLS)

Listed by Green Wave Realty Group Corp

NEARBY SCHOOLS & PROPERTIES

Alex Mendel

Agent

+1(561) 827-8449

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Alex Mendel

571 NE 67th St Miami, FL 33138

Key Details

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Exterior

Building

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571 NE 67th St