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5731 SW 62nd Terrace, Miami, Florida 33143

Active For Sale
$1,250,000
  • Beds 6
  • Baths 6
  • Sq Ft 1,938 Sqft
  • Visits: 11 in 35 days

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.

Features

  • Heating System: Central
  • Cooling System: Central Air, Wall/Window Unit(s)
  • Parking: Driveway, Detached Carport, Carport

Appliances

  • Appliances: Dryer, Microwave, Refrigerator, Washer

Address Map

  • Country: US
  • State: FL
  • County: Miami-Dade
  • City: Miami
  • Subdivision: DE CARLO MANOR
  • Zipcode: 33143
  • Street: 62nd
  • Street Number: 5731
  • Street Suffix: Terrace
  • Floor Number: 0
  • Longitude: W81° 42' 48.4''
  • Latitude: N25° 42' 48''
  • Street Dir Prefix: SW
  • MLS Area: 2400

MLS Addon

  • Association Amenities: Other
  • Association Fee: $0
  • Association Fee Frequency: Monthly
  • Carport Spaces: 01/01/1970
  • Close Date:
  • Close Price: $0
  • Elementary School: David Fairchild
  • Exterior Features: Other
  • Fireplaces Total: 0
  • Flooring: Tile
  • Garage Spaces: 0
  • High School: South Miami
  • Insurance Expense: $0
  • Interior Features: Bedroom on Main Level, Family/Dining Room, Separate Shower, Main Level Primary
  • Levels: One
  • Middle Or Junior School: South Miami
  • New Taxes Expense: $0
  • Stories: 1
  • Stories Total: 1
  • Tax Annual Amount: $10,744
  • Zoning: 0100

Location

Listing Updated: 2026-09-18 05:50:46

  • Property Type : Single Family
  • Property Sub Type : Single Family Residence
  • Listing Type : For Sale
  • Listing ID : A12072330
  • Price : $1,250,000
  • View : Ocean, Pool
  • Bedrooms : 6
  • Bathrooms : 6
  • Full Bathrooms : 6
  • Half Bathrooms : 0
  • Square Footage : 1,938 Sqft
  • Year Built : 1949
  • Lot Area : 0.19 Acre
  • Listing Status : Active
  • Days On Market : 35
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