511 NW 62nd Ave Miami, FL 33126
Flagami NeighborhoodEstimated payment $4,606/month
Total Views
1,163
3
Beds
2
Baths
1,746
Sq Ft
$400
Price per Sq Ft
Highlights
- Guest House
- Garden View
- Patio
- 2 Bedroom Guest House
- No HOA
- Ceramic Tile Flooring
About This Home
This beautifully updated property features a spacious 3-bed, 2-bath main house with light tile flooring throughout. The remodeled kitchen includes white cabinetry, granite countertops, and stainless-steel appliances—perfect for modern living. Currently rented for $3,100/month (with potential to increase to $3,500), it offers immediate strong cash flow. A separate 2-bed, 1-bath rear apartment brings in an additional $2,100/month, boosting your rental income. Located in vibrant Flagami, this area is known for its bustling shopping centers by day and lively supper clubs and lounges by night. This is a prime opportunity to own a high-yield, multi-unit property in one of Miami’s most energetic neighborhoods. Don't miss out on this rare find with incredible income potential!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,521
Year Built
- Built in 1920
Lot Details
- 4,880 Sq Ft Lot
- East Facing Home
- Fenced
- Property is zoned 0100
Home Design
- Frame With Stucco
- Frame Construction
- Flat Roof with Façade front
Interior Spaces
- 1,746 Sq Ft Home
- 1-Story Property
- Awning
- Combination Dining and Living Room
- Ceramic Tile Flooring
- Garden Views
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Parking
- Driveway
- Open Parking
Additional Homes
- Guest House
- 2 Bedroom Guest House
- One Bathroom Guest House
Additional Features
- Patio
- Central Heating and Cooling System
Community Details
- No Home Owners Association
- West Flagler Pk Sec B Subdivision
Listing and Financial Details
- Assessor Parcel Number 01-40-01-004-3170
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $8,099 | $406,380 | $217,091 | $189,289 |
| 2023 | $8,099 | $375,524 | $185,628 | $189,896 |
| 2022 | $7,429 | $341,916 | $151,413 | $190,503 |
| 2021 | $6,500 | $288,041 | $143,940 | $144,101 |
| 2020 | $1,008 | $107,526 | $0 | $0 |
| 2019 | $992 | $105,109 | $0 | $0 |
| 2018 | $943 | $103,150 | $0 | $0 |
| 2017 | $949 | $101,029 | $0 | $0 |
| 2016 | $960 | $98,952 | $0 | $0 |
| 2015 | $743 | $70,369 | $0 | $0 |
| 2014 | $756 | $69,811 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/10/2025 04/10/25 | For Sale | $698,000 | -- | $400 / Sq Ft |
Source: MIAMI REALTORS® MLS
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Loterstein Mark J | |
| Warranty Deed | $173,000 | Peninsula Title Services |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $45,000 | Balloon | |
| Previous Owner | $170,000 | Future Advance Clause Open End Mortgage |
Source: Public Records
Similar Homes in the area
Source: MIAMI REALTORS® MLS
MLS Number: A11779021
APN: 01-4001-004-3170
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