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473 NE 61st St

Miami, FL

Listing Details

  • $850,000
  • MLS# A11961470
  • Type Multi Unit - Multiple
  • Status Active
  • 1,520
    Square Feet
  • 1925
    Year Built

Description

Located at 473 NE 61st St, this 5-bedroom, 2-bathroom property is strategically positioned in the heart of one of Miamis 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... Read more (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 areas 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.

Key Features

No amenity information available.

View All Features
473 NE 61st St
Miami, FL 33137
Subdivision
LEMON CITY WHITES
County
Miami-Dade

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All Property Features

  • Property Type: Multi Unit - Multiple
  • Cooling: Central Air
  • Crops Included Y/N: No
  • Days on Site: 100
  • Exterior: Concrete Block Construction
  • Heating: Central
  • Home Style: Attached
  • Home Warranty Y/N: No
  • Lease Considered Y/N: No
  • Listing Terms: All Cash, Conventional
  • Lot Description: Less Than 1/4 Acre Lot
  • Parcel#: 01-32-18-030-0220
  • Pool: Above Ground
  • Property Attached Y/N: No
  • Property Sub-Type: Duplex
  • Roof Type: Shingle
  • Sewer: Public Sewer
  • Stories: 1.0
  • Taxes: $10,172
  • Year Built: 1925

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