$1,549,000
Miami, FL 33138
MLS# A12115092
Status: Active Under Contract
2262 sqft
1 / 30
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
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2026-10-29
Status: Active Under Contract
Original List Price: 1549000
List Price: $1,549,000
Current Price: $1,549,000
Location and Legal
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
City Name: Miami
Municipal Code: 0
Postal Zip: 33138
Subdivision Number: 23
Special Assessment YN: No
Flood Zone: X
Country: United States
Street Number: 571
Street Direction Prefix: NE
Street Name: 67th
Street Suffix: Street
State Or Province: FL
Postal Code: 33138
Postal Code +4: 5644
Subdivision Name: MORNINGSIDE AMD
Area: 2320
Elementary School: Morningside K-8 Academy (Miami-Dade)
Middle Or Junior School: Horace Mann
High School: Miami Edison
Parcel Number: 0132180230660
Zoning: 6107
General Property Information
Number Of Units Total: 4
Adjusted Area Main: 2262
Living Area Main: 2262
Lot Size Dimensions: 7200
Parking Total: 6
Outdoor Living Spaces YN: Yes
Stories Total: 1
Pool Private YN: No
Property Sub Type: Quadruplex
Building Area Main: 2262
Year Built: 1957
Financial Information
Estimated Monthly Assoc Recurring Fee: 0
Tax Annual Amount: 17000
Tax Year: 2025
Tax Legal Description: MORNINGSIDE AMD PL PB 15-15 LOT 27 BLK 4 LOT SIZE 7200 SQUARE FEET COC 24614-0102 05 2006 1
Office/Member Information
DXORIGMLSID: SEF
Flooring
Tile: 1
Property Condition
Updated/Remodeled: 1
Short Sale Details
Short Sale Addendum: No
Special Information
Property Survey Available: 1
Documents Available
Copy Of Lease(s): 1
Deposit - Last Months Rent: 1
Deposit - Security: 1
Existing Survey: 1
Rent Rolls: 1
Fencing
Fenced: 1
Meter Information
Separate Electric Meters YN: Yes
Structure Type
Multi Family: 1
Other Structures
Outbuilding: 1
Possession
Close Of Escrow: 1
Negotiable: 1
Sewer
Public Sewer: 1
Utilities
Cable Available: 1
Heating
Electric: 1
Separate Meters: 1
Sprinkler Description
Other Sprinkler: 1
Construction Materials
Block: 1
Laundry Features
Outside: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Regular Lot: 1
Road Frontage Type
West of US-1: 1
Roof
Concrete: 1
Water Source
Public: 1
Income and Expenses
Gross Income: 95040
Total Expenses: 25500
Net Operating Income: 69540
Cooling
Ceiling Fan(s): 1
Wall/Window Unit(s): 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Tax Information
City/County: 1
Tax Reflects No Exemptions: 1
Outdoor Living Spaces
Patio: 1
Contingencies
Inspection: 1
Unit 1 Appliances
Microwave: 1
Range: 1
Refrigerator: 1
Unit 1 Details
Actual Rent: 2300
Baths Full: 2
Beds Total: 2
Efficiency YN: No
Furnished: Unfurnished
SqFt: 750
Unit 1 Lease Description
Currently Leased YN: Yes
Unit 1 Other Equipment
Air Conditioning Unit: 1
Smoke Detector(s): 1
Washer/Dryer Hookups: 1
Window Coverings: 1
Unit 1 Parking Features
Parking Space: 1
Unit 1 Rooms
Kitchen: 1
Unit 2 Appliances
Microwave: 1
Range: 1
Refrigerator: 1
Unit 2 Details
Actual Rent: 1720
Baths Full: 1
Efficiency YN: No
Furnished: Unfurnished
SqFt: 400
Unit 2 Lease Description
Currently Leased YN: Yes
Unit 2 Other Equipment
Air Conditioning Unit: 1
Smoke Detector(s): 1
Window Coverings: 1
Unit 2 Parking Features
Parking Space: 1
Unit 2 Patio/Porch
Patio/Porch: 1
Unit 3 Appliances
Microwave: 1
Range: 1
Refrigerator: 1
Unit 3 Details
Actual Rent: 1900
Baths Full: 1
Beds Total: 1
Efficiency YN: No
Furnished: Unfurnished
SqFt: 550
Unit 3 Lease Description
Currently Leased YN: Yes
Unit 3 Other Equipment
Air Conditioning Unit: 1
Smoke Detector(s): 1
Window Coverings: 1
Unit 3 Parking Features
Parking Space: 1
Unit 3 Patio/Porch
Patio/Porch: 1
Unit 4 Appliances
Microwave: 1
Range: 1
Refrigerator: 1
Unit 4 Details
Actual Rent: 2000
Baths Full: 1
Beds Total: 1
Efficiency YN: No
Furnished: Unfurnished
SqFt: 650
Unit 4 Lease Description
Currently Leased YN: Yes
Unit 4 Other Equipment
Air Conditioning Unit: 1
Smoke Detector(s): 1
Window Coverings: 1
Unit 4 Parking Features
Parking Space: 1
Unit 4 Patio/Porch
Patio/Porch: 1
Price Calculations
Current Price To SqFt: 684.79
Section Details
Parcel Number MLX: 0660
Status Change Information
Major Change Timestamp: 2026-10-31T16:30:57Z
Major Change Type: Status Change
Status Change Date: 2026-10-31
Under Contract Type: Active Under Contract
Under Contract Date: 2026-10-29
Originating Details
Originating System Key: 569016246
Originating System ID: M00000151
Property Features
Documents Available: Copy Of Lease(s); Deposit - Last Months Rent; Deposit - Security; Existing Survey; Rent Rolls
Fencing: Fenced
Flooring: Tile
Property Condition: Updated/Remodeled
Structure Type: Multi Family
Construction Materials: Block
Cooling: Ceiling Fan(s); Wall/Window Unit(s)
Heating: Electric; Separate Meters
Laundry Features: Outside
Listing Terms: Cash; Conventional
Lot Features: Regular Lot
Other Structures: Outbuilding
Possession: Close Of Escrow; Negotiable
Road Frontage Type: West of US-1
Roof: Concrete
Sewer: Public Sewer
Special Information: Property Survey Available
Sprinkler Description: Other Sprinkler
Tax Information: City/County; Tax Reflects No Exemptions
Utilities: Cable Available
Water Source: Public
Showing Requirements: Appointment Only; Call Listing Agent
Outdoor Living Spaces: Patio
Unit 1 Appliances: Microwave; Range; Refrigerator
Unit 1 Other Equipment: Air Conditioning Unit; Smoke Detector(s); Washer/Dryer Hookups; Window Coverings
Unit 1 Parking Features: Parking Space
Unit 1 Rooms: Kitchen
Unit 2 Appliances: Microwave; Range; Refrigerator
Unit 2 Other Equipment: Air Conditioning Unit; Smoke Detector(s); Window Coverings
Unit 2 Parking Features: Parking Space
Unit 3 Appliances: Microwave; Range; Refrigerator
Unit 3 Other Equipment: Air Conditioning Unit; Smoke Detector(s); Window Coverings
Unit 3 Parking Features: Parking Space
Unit 4 Appliances: Microwave; Range; Refrigerator
Unit 4 Other Equipment: Air Conditioning Unit; Smoke Detector(s); Window Coverings
Unit 4 Parking Features: Parking Space
Contingencies: Inspection
Supplements
• 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
Listing Office: Green Wave Realty Group Corp
Last Updated: October - 31 - 2026
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