473 NE 61st Street, Miami, FL 33137
- $850,000
- 1,520
- SqFt
- List Price
- $850,000
- MLS#
- A11961470
- Sq. Ft
- 1,520
- Subtype
- Duplex
- County
- Miami-Dade
- Subdivision
- Lemon City Whites
- Region
- 2320
- Year Built
- 1925
Property Description
Located at 473 NE 61st St, this 5-bedroom, 2-bathroom property is strategically positioned in the heart of one of Miami's 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 (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 area's 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.
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Additional Information
- Heating
- Central
- Cooling
- Central Air
- Roof
- Shingle
- Sewer
- Public Sewer
- Parking Spaces
- 4
- Flooring
- Laminate
- Construction
- Block
- Living Area
- 1,520
- Pool
- Yes
- Elementary School
- Morningside K-8 Academy (Miami-Dade)
- Middle School
- Horace Mann
- High School
- Miami Edison
Listing courtesy of Fausto Commercial Realty Consultants Inc. Contact: