5731 62nd Terrace, Miami, FL 33143

$1,250,000 — Pending

Property Features

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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.

Property Details

  • Listing ID: A12072330
  • Status: Pending
  • Listing Date: 2026-08-17
  • Property Type: Single Family Residence
  • Subdivision: DE CARLO MANOR
  • County: Miami-Dade
  • MLS Area: 2400
  • Bedrooms: 6
  • Full Bathrooms: 6
  • Living Area Sq Ft: 1,938
  • Year Built: 1949

Financial

  • List Price: $1,250,000
  • HOA Fee: None
  • Taxes: $10,744/yr

Features & Amenities

  • View: Other
  • 55+ Community (HOPA): Yes
  • Parking: Detached Carport, Driveway, Carport
  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating: Central
  • Flooring: Tile
  • Construction: CBS
  • Roof: Flat, Tile
  • Exterior Features: Other
  • Community Amenities: Other

Courtesy of Compass Florida, LLC
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RAPB

© 2026 Starfish Real Estate. Listing data is derived from the Broker Reciprocity Program of the Realtor Association of Indian River County (RAIRC) and BeachsMLS. Properties listed by brokers other than Starfish Real Estate are identified with the applicable MLS logo and include the listing broker's name. Not all properties available through either MLS may be displayed. All MLS data is the copyrighted property of the respective MLS and its participants. Data is deemed reliable but is not guaranteed accurate and should be independently verified prior to entering into any transaction.