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Property
Beds
5
Full Baths
2
1/2 Baths
None
Year Built
1925
Sq.Footage
1,520
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.
Features & Amenities
Interior
-
Other Interior Features
Pantry, Master Downstairs
-
Total Bedrooms
5
-
Bathrooms
2
-
Cooling YN
YES
-
Cooling
Central Air
-
Fireplace YN
YES
-
Heating YN
YES
-
Heating
Central
-
Pet friendly
Cats OK, Dogs OK, Yes
Exterior
-
Garage
No
-
Construction Materials
Frame, Stucco
-
Other Exterior Features
None
-
Parking
Driveway
-
Pool
No
-
Waterfront YN
NO
-
View
Garden
Area & Lot
-
Lot Size(square feet)
4,992
-
Property Type
Residential
-
Property Sub Type
Single Family Residence
-
Architectural Style
OneStory
Price
-
Sales Price
$799,000
-
Tax Amount
$10,275
-
Zoning
3900
-
Sq. Footage
1,520
-
Price/SqFt
$525
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
Horace Mann
-
High School
Miami Edison
Property Features
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Miami-Dade
Elementary School
Middle School
Horace Mann
High School
Miami Edison
Listing Courtesy of Fernando Rodriguez, Douglas Elliman
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Realtor
Jarrod Gaylis
Call Jarrod today to schedule a private showing.
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