$1,549,000
0 Beds · 0 Baths · 2262 sqft
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
Bedrooms
0
Bathrooms
0
Living Area
2262 sqft
Stories
1
Heating
Electric
Cooling
Ceiling Fan(s), Wall/Window Unit(s)
Roof
Concrete
Property Type
Quadruplex
MLS#
455800504
Year Built
1957
Area
Morningside Amd
Days on Market
70
Monthly Payment
$9,601/mo
Listing courtesy of Green Wave Realty Group Corp
Listing information is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Data last updated 7/6/2026. Listing provided courtesy of the Miami Association of REALTORS® MLS. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the MIAMI Association of REALTORS®.


