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5731 SW 62nd Terrace, Miami, FL 33143

$1,250,000

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https://www.propertypanorama.com/instaview/mia/A12072330

Property Type: Residential Bedrooms: 6 Baths: 6 Square Footage: 2,282 Status: Active

Current Price: $1,250,000 List Date: 8/17/2026 Last Modified: 8/26/2026

Overview

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 p ... (Read more)

Listing Details MLS# A12072330

General Property Information

Property Sub Type: Single Family Residence
Bedrooms Total: 6
Bathrooms Total: 6
Bathrooms Full: 6
Building Area Main: 2282
Living Area Main: 1938
Adjusted Area Main: 1718
Year Built: 1949
Carport YN: Yes
Attached Carport YN: No
Carport Spaces: Yes
Covered Spaces: Yes
Lot Size Area: 8400
Lot Size Acres: 0.19
Senior Community YN: Yes
Guest House YN: Yes
Stories Total: Yes
Direction Faces: South
Pool Private YN: No

Property Features

Dining Area: Family/Dining Combination Exterior Features: Other Flooring: Tile Leasing Permitted Details: Okay To Lease Parking Features: Driveway; Carport; Detached Carport Property Condition: Resale Appliances: Dryer; Microwave; Refrigerator; Washer Construction Materials: CBS Cooling: Central Air; Wall/Window Unit(s) Heating: Central Levels: One Listing Terms: Cash; Conventional Possession: Negotiable Restrictions: See Remarks Roof: Flat; Tile Sewer: Septic Tank Special Information: Sold As-Is View: Other Water Source: Public Showing Requirements: 24 Hour Notice; Appointment Only; Showing Service Room Types: Maid/In-Law Quarters

Contract Information

Comp Sale YN: No
Original List Price: 1250000
Occupant Type: Tenant

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 5731
Street Direction Prefix: SW
Street Name: 62nd
Street Suffix: Terrace
City Name: Miami
Municipal Code: 30
State Or Province: FL
Postal Code: 33143
Postal Code +4: 2339
Postal Zip: 33143
Subdivision Name: DE CARLO MANOR
Area: 2400
Elementary School: David Fairchild
Middle Or Junior School: South Miami
High School: South Miami
Parcel Number: 3040250320030
Subdivision Number: 32
Zoning: 0100
Flood Zone: X

Financial Information

Membership Fee Required YN: No
Tax Annual Amount: 10744
Tax Year: 2025
Tax Legal Description: DE CARLO MANOR PB 49-46 LOT 3 BLK 1 LOT SIZE 80.000 X 105 OR 21034-4945 10/2002 4 COC 23177-0891 03 2005 1
Estimated Monthly Assoc Recurring Fee: 0

Status Change Information

Major Change Timestamp: 2026-08-17T04:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-08-17

More Information

Entry Information

Entry Level: Yes

Leasing Permitted Details

Leasing Permitted YN: Yes
Okay To Lease: Yes

Storm Protection

Impact Glass: Complete

Price Calculations

Current Price To SqFt: 644.99

Section Details

Parcel Number MLX: 0030

Originating Details

Originating System Key: 553152281
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Amenities

Other: Yes

Dining Area

Family/Dining Combination: Yes

Exterior Features

Other: Yes

Flooring

Tile: Yes

Parking Features

Driveway: Yes
Carport: Yes
Detached Carport: Yes

Property Condition

Resale: Yes

Possession

Negotiable: Yes

Sewer

Septic Tank: Yes

Special Information

Sold As-Is: Yes

View

Other: Yes

Heating

Central: Yes

Appliances

Dryer: Yes
Microwave: Yes
Refrigerator: Yes
Washer: Yes

Construction Materials

CBS: Yes

Levels

One: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Roof

Flat: Yes
Tile: Yes

Water Source

Public: Yes

Cooling

Central Air: Yes
Wall/Window Unit(s): Yes

Showing Requirements

24 Hour Notice: Yes
Appointment Only: Yes
Showing Service: Yes

Master Bedroom/Bath

Bedroom On Entry Level: Yes
Master Bdrm - Ground: Yes
Separate Shower: Yes

Restrictions

See Remarks: Yes

Room Types

Maid/In-Law Quarters: Yes

Room Information

Room Name
Maid/In-Law Quarters

Listing Office: Compass Florida, LLC

Last Updated: August - 26 - 2026

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5731 SW 62nd Terrace, Miami, FL 33143 (MLS# A12072330)