551 NE 62nd St Unit 4, Miami, FL, 33138

Location

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551 NE 62nd St Unit 4, Miami$225,000

Buyer Closing Credits

$2,672^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeCondominium

ParkingNone

Year Built1947

HeatingCentral, Electric

CoolingElectric

ViewNone

MLS #A11707010

StatusActive

About 551 NE 62nd St Unit 4

Unique opportunity to acquire 9 of 16 units in a multi- family building in the heart of Miami's vibrant Little River neighborhood. Property has a recently replaced roof and successfully passed the 40 year certification. All 9 units are fully renovated 1 bedroom/ 1 bathroom, featuring in unit central AC & washer/dryer. All units are occupied with tenants on newly signed rental agreements, providing immediate cash flow with strong returns.

Property Details

Property Features

Property Information:

Architectural Style: None
Year Built: 1947
Living Area: 613 SqFt

Listing Office:

Office Name: The Suero Group
Office Phone: (305) 901-7176
Listing Agent: Thomas Falkenstein

Interior Features

Interior Information:

Appliances: Dryer, Dishwasher
Flooring Type: Other
Interior: Bedroom on Main Level, First Floor Entry

Bedroom and Bathroom Information:

Full Bathrooms: 1
Total Bedroom Count: 1

Exterior Features

Exterior Information:

View: None
Exterior: Fence

Parking Information:

Parking: None

Virtual/3D Tour

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Utilities

Utilities Information:

Heating: Central, Electric
Cooling: Electric

Price Information

Listing Price Info

Price Summary:

List Price: $225,000
Price Per SqFt: $367/SqFt

HOA Fees:

Amount: $0
Frequency: Annually

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Housing Market Comparison

See how this home compares to others in Miami, FL.

Miami, FL

City

Med. Sold Price

$565.6K

Med. Price/SqFt

$391

Avg. Days On Market

# of Sold Homes

595

551 NE 62nd St Unit 4 vs Miami

8 DAYS ON ROCKET

-52 Days

$225,000

-$340.6K Less

$367/SqFt

-$25 Less

KEY TAKEAWAY

This property is $340.6K less than the Median Sold Price and $25/SqFt less than other homes in Miami, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

MLS Name: SEFMIAMI
MLS Number: #A11707010

Listing Office:

Office Name: The Suero Group
Office Phone: (305) 901-7176
Listing Agent: Thomas Falkenstein

© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 6:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

/10

Morningside K-8 Academy
6620 NE 5th Ave
Distance between this listing and this school0.23 miles
Public Magnet Grades PK-5

/10

Toussaint L'Ouverture Elementary School
120 NE 59th St
Distance between this listing and this school0.60 miles
Public District Grades PK-5

/10

Shadowlawn Elementary School
149 NW 49th St
Distance between this listing and this school1.21 miles
Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

How much money do the neighbors make?

49%

<35k

47%

35k-100k

100k-200k

200k+

What level of education do the neighbors have?

High School: 77%
Post Secondary: 21%
Doctorate: 2%

What types of families live nearby?

61%

Single, No Kids

17%

Single, with Kids

10%

Married, No Kids

12%

Married, with Kids

Are the neighbors home owners or renters?

Renters: 79%
Home Owners: 21%

How old are people in this area?

13%

<11 yrs old

12-17 yrs old

28%

18-34 yrs old

43%

35-64 yrs old

10%

65+ yrs old

What do the neighbors do for fun?

Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer

Where do the neighbors shop?

H&M
Burlington
Foot Locker

Where do the neighbors go to eat?

Boston Market
White Castle
Popeyes

What do the neighbors drive?

Honda
Kia
Nissan

What do the neighbors listen to?

Rhythmic Contemporary Hits
Urban Adult Contemporary

The neighbors living near this home have an average income of $35,849. Most Miami, FL residents have annual incomes less than $35k. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 551 NE 62nd St Unit 4

What is the listing price of this property?

The listing price of 551 NE 62nd St Unit 4 property is $225,000.

What type of property is this?

The property 551 NE 62nd St Unit 4 is a condo located in Miami, Florida, 33138.

Is this property for sale now?

Active Listing: 551 NE 62nd St Unit 4 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 551 NE 62nd St Unit 4 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 551 NE 62nd St Unit 4 is 613 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 551 NE 62nd St Unit 4 is 1947.

Rocket Homes›Florida›Miami-Dade County›Miami›33138›551 NE 62nd St Unit 4

This home is located at 551 NE 62nd St Unit 4 in Miami, FL and zip code 33138 in the Upper East Side neighborhood. This 613 square foot home was built in 1947. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since December 10, 2024 and is currently priced at $225,000.

In November 2024, from all listings sold in Miami, FL there were more than 38 sold above asking price, over 445 sold below and more than 112 were sold right at the asked price. The number of homes for sale in Miami, FL increased by 6.7% between October 2024 and November 2024. In November 2024 median list price was $565,671 and the average listing age was 60 days.

Location

Property Highlights

Property Details

Property Features

Interior Features

Exterior Features

Virtual/3D Tour

Utilities

Price Information

Listing Price Info

Housing Market Comparison

MLS Details

Property Sales & Tax

Payment Calculator

Schools

Schools Nearby

Neighborhood

What Are The Neighbors Like?

Frequently Asked Questions About 551 NE 62nd St Unit 4

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