551 NE 62nd St Unit 10 Miami, FL 33138
Upper East Side North NeighborhoodEstimated payment $1,480/month
Total Views
4,306
1
Bed
1
Bath
537
Sq Ft
$400
Price per Sq Ft
About This Home
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
Home Type
- Condominium
Est. Annual Taxes
- $3,354
Year Built
- Built in 1947
Home Design
- Aluminum Siding
Interior Spaces
- 537 Sq Ft Home
- 2-Story Property
- Ceramic Tile Flooring
- Dishwasher
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Full Bathroom
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 01-32-18-082-0040
Community Details
Overview
- Property has a Home Owners Association
- The Square At 62Nd St Con Condos
- The Square At 62Nd St Con Subdivision
Pet Policy
- No Pets Allowed
Additional Features
- Trash Chute
- Maintenance Expense $468
- Complex Is Fenced
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 | $2,952 | $157,960 | -- | -- |
| 2023 | $2,952 | $143,600 | $0 | $0 |
| 2022 | $2,175 | $101,106 | $0 | $0 |
| 2021 | $1,953 | $91,915 | $0 | $0 |
| 2020 | $1,958 | $91,915 | $0 | $0 |
| 2019 | $1,962 | $91,915 | $0 | $0 |
| 2018 | $1,925 | $91,915 | $0 | $0 |
| 2017 | $1,869 | $86,416 | $0 | $0 |
| 2016 | $1,715 | $78,560 | $0 | $0 |
| 2015 | $1,747 | $78,560 | $0 | $0 |
| 2014 | $1,620 | $71,420 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/21/2025 03/21/25 | Price Changed | $215,000 | -4.4% | $400 / Sq Ft |
| 12/10/2024 12/10/24 | For Sale | $225,000 | 0.0% | $419 / Sq Ft |
| 11/07/2024 11/07/24 | Rented | $1,795 | 0.0% | -- |
| 10/25/2024 10/25/24 | Price Changed | $1,795 | -1.6% | $3 / Sq Ft |
| 10/17/2024 10/17/24 | Price Changed | $1,825 | -1.6% | $3 / Sq Ft |
| 10/10/2024 10/10/24 | Price Changed | $1,855 | -1.1% | $3 / Sq Ft |
| 10/07/2024 10/07/24 | Price Changed | $1,875 | -1.1% | $3 / Sq Ft |
| 09/09/2024 09/09/24 | Price Changed | $1,895 | -0.5% | $4 / Sq Ft |
| 08/27/2024 08/27/24 | Price Changed | $1,905 | -1.0% | $4 / Sq Ft |
| 08/21/2024 08/21/24 | Price Changed | $1,925 | -0.3% | $4 / Sq Ft |
| 08/17/2024 08/17/24 | Price Changed | $1,930 | -0.8% | $4 / Sq Ft |
| 08/05/2024 08/05/24 | For Rent | $1,945 | -2.8% | -- |
| 03/29/2024 03/29/24 | Rented | $2,000 | +5.3% | -- |
| 03/05/2024 03/05/24 | For Rent | $1,900 | +2.7% | -- |
| 09/05/2022 09/05/22 | Rented | $1,850 | 0.0% | -- |
| 08/12/2022 08/12/22 | For Rent | $1,850 | +68.2% | -- |
| 11/22/2020 11/22/20 | Rented | $1,100 | 0.0% | -- |
| 11/16/2020 11/16/20 | Under Contract | -- | -- | -- |
| 10/16/2020 10/16/20 | Price Changed | $1,100 | -8.3% | $2 / Sq Ft |
| 07/20/2020 07/20/20 | For Rent | $1,200 | -- | -- |
Source: MIAMI REALTORS® MLS
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $170,000 | Lorenzo Law Miami | |
| Special Warranty Deed | $87,500 | Attorney |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $127,500 | New Conventional |
Source: Public Records
Similar Homes in the area
Source: MIAMI REALTORS® MLS
MLS Number: A11707025
APN: 01-3218-082-0040
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