UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,262 sqft
Price per Sqft $684
Subdivision Morningside Amd
MLS Listing ID A12003041
Style Fourplex
HOA Y/N No
Year Built 1957
Annual Tax Amount $17,000
Tax Year 2025
Property Sub-Type Quadruplex
Property Description
Exceptional investment opportunity in the heart of Miami's rapidly evolving MiMo District. This 4-unit multifamily property sits on a 7,200 SF lot and offers a unique combination of immediate income, value-add potential, and future development upside.
The property features a desirable unit mix including a 2-bedroom, two 1-bedrooms units, and a studio, with three units currently leased and one vacant-providing immediate opportunity to increase income or reposition for short-term rentals.
Zoned T5L, the property allows for flexible urban development, including short-term rentals (Airbnb), and comes with previously approved plans for a 6-unit live/work multifamily building, significantly reducing entitlement timelines for developers.
Located just steps from Biscayne Boulevard and within close proximity to the Design District, Wynwood, and Midtown, the property is surrounded by major new developments including Adela at MiMo Bay, Adela II, and 01 MiMo Condominiums - further enhancing long-term value and demand.
Whether you're an investor seeking strong income with upside, or a developer looking for a well-positioned site in a high-growth corridor, this property offers multiple paths to value creation.
Location
State FL
County Miami-dade
Community Morningside Amd
Area 32
Interior
Heating Electric
Cooling Ceiling Fan(s), Wall/Window Unit(s)
Flooring Tile
Window Features Blinds
Exterior
Exterior Feature Fence, Patio, Shed
Pool None
Community Features Laundry Facilities
Utilities Available Cable Available
Roof Type Concrete
Porch Patio
Total Parking Spaces 6
Private Pool No
Building
Lot Description Rectangular Lot, Sprinkler System, < 1/4 Acre
Story 1
Sewer Public Sewer
Water Public
Architectural Style Fourplex
Level or Stories One
Structure Type Block
Others
Tax ID 01-32-18-023-0660
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Listed As-Is
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12003041
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