New Listing
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.
Details
| MLS # | A12082857 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1925 |
| Days On Site | 4 |
| Listing Provided By | Douglas Elliman | Fernando Nicholas Rodriguez |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,520 |
| Story(s) | 1 |
| Zoning | 3900 |
| Acreage | 0.11 |
| Property View | Yes |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Driveway |
Taxes
| Tax Annual Amount | 10275 |
|---|
Area Information
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33137 |
| Area | 2320 |
| Community Name | LEMON CITY WHITES |
| Listing VS Median (in LEMON CITY WHITES) | |
Price: $799,000 low | high Med: $799,000 sqft: 1,520 low | high Med: 1,520 $ / sqft: $526 low | high Med: $526 On site: 4 low | high Med: 4 | |
Market Activity 33137
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Learn More About This Property
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33137 |
| Area | 2320 |
| Community Name | LEMON CITY WHITES |
| Listing VS Median (in LEMON CITY WHITES) | |
Price: $799,000 low | high Med: $799,000 sqft: 1,520 low | high Med: 1,520 $ / sqft: $526 low | high Med: $526 On site: 4 low | high Med: 4 | |
