473 NE 61st St, Miami, FL 33137
473 NE 61st St, Miami, FL 33137
473 NE 61st St, Miami, FL 33137
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William Gartin

William Gartin

+1(305) 842-6097
$799,000
Est. payment /mo
5 Beds
2 Baths
1,520 SqFt
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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,520 sqft

Price per Sqft $525

Subdivision Lemon City Whites

MLS Listing ID A12082857

Style One Story

Bedrooms 5

Full Baths 2

HOA Y/N No

Year Built 1925

Annual Tax Amount $10,275

Tax Year 2025

Lot Size 4,992 Sqft

Property Sub-Type Single Family Residence

Property 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.

Location

State FL

County Miami-dade

Community Lemon City Whites

Area 32

Zoning 3900

Interior

Interior Features Bedroom on Main Level, First Floor Entry, Fireplace, Pantry

Heating Central

Cooling Central Air

Flooring Laminate, Vinyl

Fireplace Yes

Appliance Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Self Cleaning Oven, Washer

Exterior

Exterior Feature None

Pool None

Community Features Laundry Facilities

View Garden

Roof Type Shingle

Garage No

Private Pool No

Building

Lot Description < 1/4 Acre

Faces South

Story 1

Sewer Public Sewer

Water Public

Architectural Style One Story

Structure Type Frame,Stucco

Schools

Middle Schools Horace Mann

High Schools Miami Edison

Others

Pets Allowed Cats OK, Dogs OK, Yes

Senior Community No

Restrictions No Restrictions,OK To Lease

Tax ID 01-32-18-030-0220

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Listed As-Is

Pets Allowed Cats OK, Dogs OK, Yes

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Miami Association of Realtors (SEFMIAMI MLS)
Listed by Douglas Elliman

NEARBY SCHOOL & BUSINESS

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William Gartin

William Gartin

+1(305) 842-6097

Agent License ID: 3422133

Agent License ID: 3422133

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