5731 SW 62nd Terrace, Miami, FL 33143
- $1,250,000
- 6
- BD
- 6
- BA
- 1,938
- SqFt
- List Price
- $1,250,000
- Status
- ACTIVE
- Days on Market
- 28
- MLS#
- A12072330
- Subtype
- Residential
- Year Built
- 1949
- Bedrooms
- 6
- Bathrooms
- 6
- Full Baths
- 6
- Living Area
- 1,938
- Acres
- 0.19
- Subdivision
- De Carlo Manor
- MLS Area Major
- 2400
Property Description
Exceptional investment opportunity just 2–3 minutes from the University of Miami! This fully occupied, income-producing property features 6 bedrooms and 6 bathrooms and generates approximately $11,000 per month in rental income. The main residence offers 3 bedrooms and 3 bathrooms and underwent a comprehensive renovation in 2022, including a new roof, impact windows, updated plumbing, electrical, HVAC system, a beautifully renovated kitchen, modernized bathrooms, and luxury finishes throughout. Ideally situated in one of South Miami's most desirable rental markets, this property enjoys consistently high demand due to its close proximity to the University of Miami, hospitals, shopping, dining, and major highways. With all units currently occupied, investors can benefit from immediate cash flow from day one. Whether you're looking to expand your portfolio or secure a turnkey income-producing asset in a premier location, this is a rare opportunity with exceptional long-term investment potential.
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Additional Information
- Amenities
- Other
- Interior Features
- Bedroom on Main Level, Family/Dining Room, Main Level Primary, Separate Shower
- Exterior Features
- Other
- Taxes
- $10,744
- Flooring
- Tile
- Appliances
- Dryer, Microwave, Refrigerator, Washer
- Heating
- Central
- Air Conditioning
- Central Air, Wall/Window Unit(s)
- Exterior Construction
- Block
- Stories
- 1
- Levels
- One
- Roof
- Flat, Tile
- Parking Features
- Carport, Detached Carport, Driveway
- Elementary School
- David Fairchild
- Middle School
- South Miami
- High School
- South Miami
- View
- Other
Listing courtesy of Compass Florida, LLC. Contact:
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All listings featuring the RAPB + GFLR logo are provided by the Realtors® of the Palm Beaches and Greater Fort Lauderdale, Inc. and BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2019 Realtors® of the Palm Beaches and Greater Fort Lauderdale Inc. and BeachesMLS, Inc.
Agent: Michelle Andrea Suegart | Email: michellesuegart@compass.com