Morningside Amd Fourplex For Sale
571 Ne 67th St, Miami, FL 33138

$1,549,000
For Sale
Mila Bogatov
Mila Bogatov
Luxury Real Estate Broker

Details


  • MLS Number:A12003041
  • Virtual Tour: YES
  • List Price: $1,549,000
  • Living Area: 2262 Ft² / 210 M²
  • Price Per Foot/Meter: $685 / $7,371
  • Taxes:$17,000
  • Year Built:1957
  • Listing Date:April 20, 2026
  • Days On Market:108

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

Features


  • Floor:Tile
  • Exterior Feature:Fence, Patio, Shed

Location


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Mila Bogatov
Mila Bogatov
Luxury Real Estate Broker