473 NE 61st St, Miami FL 33137

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.

This duplex home located at 473 NE 61st St, Miami FL 33137 is currently for sale and has been available on Brickellsold for 122 days. This property is listed at $850K. It has N/A beds, N/A bathrooms, and is 1520 square feet. It was built in 1925. 473 NE 61st St, Miami FL 33137 is in Miami county Miami-Dade County.