1891 NW 62nd Ter
Miami, FL 33147
$399,000
$290/ft²
About this home
Investment Opportunity - The seller states they will not show because the floor is hazardous and they will not risk any lawsuits. The PVC plumbing, windows, roof, and electrical done in 2023This three-bedroom, two-bath home offers excellent potential for investors, renovators, or buyers looking to create their own vision. The property features a living room, dining room, kitchen, spacious front porch, and a large backyard. The home has solid bones, with the roof and overall structure in good condition, providing a strong starting point for renovation. While the interior will require a full renovation due to prior tenant damage, this property presents a valuable opportunity to restore and significantly increase its value. Flooring will need to be repaired or replaced, and the interior is ready for updating throughout. Located in a neighborhood currently experiencing revitalization and restoration, many nearby homes are being renovated and resold at much higher prices, making this an attractive opportunity for investors and buyers looking to build equity. The vacant lot next door, also being sold separately by the same owner, offering additional possibilities for expansion, parking, outdoor living space, or future development. Great opportunity for investors, contractors, or anyone seeking a project with strong upside potential.
Property details
Listing
- MLS #
- A12016245
- Status
- For sale
- Listed on
- May 10, 2026
- Days on market
- 92 days
- Listing data updated
- Jul 30, 2026
Interior
- Beds
- 3
- Baths
- 2
- Living area
- 1,376 ft²
- Price per ft²
- $290/ft²
Building & community
- Type
- Single-family home
- Year built
- 1947
- County
- Miami-Dade
Lot & exterior
- Lot size
- 3,600 ft²
Days on market, price per ft² and the monthly HOA amount are calculated by this site from the MLS data shown; the association fee is normalized to a monthly figure.
True monthly cost
- Mortgage (principal & interest)
- $2,018
- Property taxes (est.)
- $366
- Home insurance (est.)
- $317
- Flood insurance (est.)
- —
Estimated total$2,701*/mo
* Some cost lines aren't available yet for this listing; the total shown is incomplete.
Based on 20% down, a 6.5% rate and a 30-year loan, plus this home's estimated Florida carrying costs. All figures are illustrative estimates — not quotes, not financial or insurance advice.
Sources: flood zone — FEMA National Flood Hazard Layer; mortgage, taxes and insurance figures — this site's own estimates; HOA / CDD — as reported for this listing.
What will this home really cost you?
Location
Mortgage calculator
$2,018/moEstimated principal & interest. Taxes, insurance, and HOA are not included. This is an estimate, not a quote or financial advice.
This listing is courtesy of Platinum Properties Int'l Inc..
Olga Formoso · 786-359-5402 · olga.formoso@gmail.com · 305-854-6247
Data deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.
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