571 NE 67th StreetMiami, FL 33138

Fourplex with t5l zoning previously approved 6 unit development plans in miami s mimo district exceptional investment opportunity in the heart of miami s rapidly evolving mimo district this 4 unit multifamily property sits on a 7 200 sf lot and offers a unique combination of immediate income value add potential and future development upside the property features a desirable unit mix including a 2 bedroom two 1 bedrooms units and a studio with three units currently leased and one vacant providing immediate opportunity to increase income or reposition for short term rentals zoned t5l the property allows for flexible urban development including short term rentals airbnb and comes with previously approved plans for a 6 unit live work multifamily building significantly reducing entitlement timelines for developers located just steps from biscayne boulevard and within close proximity to the design district wynwood and midtown the property is surrounded by major new developments including adela at mimo bay adela ii and 01 mimo condominiums further enhancing long term value and demand whether you re an investor seeking strong income with upside or a developer looking for a well positioned site in a high growth corridor this property offers multiple paths to value creation 571 ne 67th st miami fl 33138 covered land play with income approved development plans investment highlights 4 unit multifamily on 7 200 sqft lot t5l zoning short term rentals allowed previously approved plans for 6 unit live work project located in rapidly transforming mimo district surrounded by new developments adela at mimo bay adela ii at mimo bay 01 mimo condocurrent income gross income 72 240 y noi 46740 3 units leased stable income 1 unit vacant immediate upsidestabilized potential projected noi 69 500 strong rental demand area airbnb short term rental potential t5l development opportunity previously approved plans reduce entitlement risk build 6 units live work concept ideal for developer long term hold investor hybrid str operator investment thesis acquire below replacement cost generate income while holding and capitalize on zoning neighborhood transformation for long term upside