473 NE 61st StreetMiami, FL 33137

Located at 473 ne 61st st this 5 bedroom 2 bathroom property is strategically positioned in the heart of one of miami s most aggressive development frontiers this submarket bridging the upper east side and the little river magic city innovation district is currently seeing a massive influx of capital with new mixed use projects and commercial revitalization driving a sharp upward trend in land values for an investor this means the asset is not just an income producer but a prime candidate for significant long term capital appreciation the property currently operates as a high performing airbnb generating a proven net operating income noi of 66 268 00 configured as a spacious single family residence to maximize average daily rates adr and guest capacity the property also retains its status as a legal duplex with t4 r zoning the investor has the built in flexibility to either maintain the high yield short term rental model or convert the asset back into a multi unit configuration to capitalize on the area s soaring long term rental demand the 4 992 sq ft lot and upgraded amenities including a private hot tub provide a turnkey stabilized vehicle in a neighborhood rapidly transitioning into a premier urban destination