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.
1,520 Sq Ft
4,992 Sq Ft Lot Size
single family home
$856 Monthly Tax
Built in 1925
MLS/Listing ID A12082857
LEMON CITY WHITES
Microwave
Refrigerator
Parking - Driveway
Shingle
Pool - Above Ground
Self Cleaning Oven
Washer
Style - Attached
Style - One Story
First Floor Entry
Pantry
Dishwasher
Dryer
Electric Range
Water
Public Sewer
Garden View
Vinyl
Fireplace Fireplace
Cooling - Central Air
Construction - Frame With Stucco
Community - Laundry Facilities
TOTAL MONTHLY COST
$0
$0
$0
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