473 NE 61st StMiami, FL 33137
LEMON CITY WHITES · Miami-Dade County
Description
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 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.
Property Information
- Property type
- Residential
- Sub-type
- Single Family Residence
- Style
- OneStory
- Year built
- 1925
- Living area
- 1,520 Sq Ft
- Lot size
- 4,992 Sq Ft
- Days on market
- 68
- MLS® Listing#
- A12082857
Property Features
- Interior
- Pantry · Master Downstairs
- Exterior
- None
- Appliances
- Dryer · Dishwasher · Electric Range · Microwave · Refrigerator · Self Cleaning Oven · Washer
- Cooling
- Central Air
- Heating
- Central
- Flooring
- Laminate · Vinyl
- Pool
- Above Ground · Private
- Parking
- Driveway
- Laundry
- Common Area
- Construction
- Frame · Stucco
- Roof
- Shingle
- Sewer
- Public Sewer
- Water source
- Public
Schools
- Middle
- Horace Mann
- High
- Miami Edison
Financial Details
- Annual taxes
- $10,275Tax year 2025
- Parcel number
- 01-32-18-030-0220
Listing Courtesy: Douglas Elliman - 3056956070
This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.
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