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.
For sale
$1,250,000
5731 SW 62nd Ter, Miami, FL 33143
6beds
1,938sqft
Single Family Residence
Built in 1949
8,400 Square Feet Lot
$1,203,200 Zestimate®
$645/sqft
$-- HOA
What's special
Beautifully renovated kitchenUpdated plumbingNew roofModernized bathroomsLuxury finishes throughoutImpact windows
- 12 hours |
- 144 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Michelle Suegart PA 786-863-6330,
Compass Florida, LLC
Source: MIAMI,MLS#: A12072330
Originating MLS: A-Miami Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Central
Cooling
- Central Air, Wall/Window Unit(s)
Appliances
- Included: Dryer, Microwave, Refrigerator, Washer
Features
- Separate Guest/In-Law Quarters
- Flooring: Tile
- Windows: Complete Impact Glass
Interior area
- Total structure area: 2,282
- Total interior livable area: 1,938 sqft
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Detached Carport, Additional Spaces Available, Driveway
- Carport spaces: 1
- Has uncovered spaces: Yes
Features
- Stories: 1
- Entry location: First Floor Entry
- Exterior features: Other
- Pool features: R30-No Pool/No Water
- Has view: Yes
- View description: Other
Lot
- Size: 8,400 Square Feet
- Features: Less Than 1/4 Acre Lot
Details
- Additional structures: Guest House
- Parcel number: 3040250320030
- Zoning: 0100
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- CBS Construction
- Roof: Flat Tile
Condition
- Year built: 1949
Utilities & green energy
- Sewer: Septic Tank
- Water: Municipal Water
Community & HOA
Community
- Features: Other, Other Subdiv/Park Info
- Subdivision: De Carlo Manor
HOA
- Has HOA: No
Location
- Region: Miami
Financial & listing details
- Price per square foot: $645/sqft
- Tax assessed value: $697,215
- Annual tax amount: $10,744
- Date on market: 8/17/2026
- Listing terms: All Cash,Conventional
Estimated market value
Zestimate®
$1,203,200
Estimated sales range
$1.14M - $1.26M
Rent Zestimate®
$7,950/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/17/2026 | Listed for sale | $1,250,000-16.7%$645/sqft |
Source: | ||
| 8/11/2026 | Listing removed | $1,499,999$774/sqft |
Source: eXp Realty #A11987463 Report a problem | ||
| 6/4/2026 | Listed for sale | $1,499,999$774/sqft |
Source: eXp Realty #A11987463 Report a problem | ||
| 5/30/2026 | Contingent | $1,499,999$774/sqft |
Source: eXp Realty #A11987463 Report a problem | ||
| 4/16/2026 | Price change | $1,499,999-6.3%$774/sqft |
Source: | ||
| 3/26/2026 | Listed for sale | $1,600,000$826/sqft |
Source: | ||
| 2/23/2026 | Listing removed | $1,600,000$826/sqft |
Source: | ||
| 11/25/2025 | Listed for sale | $1,600,000+347.6%$826/sqft |
Source: | ||
| 12/1/2022 | Listed for rent | $1,600$1/sqft |
Source: Zillow Rental Network_1 #A11309050 Report a problem | ||
| 3/17/2005 | Sold | $357,500+370.4%$184/sqft |
Source: Public Record Report a problem | ||
| 5/2/1996 | Sold | $76,000+63.8%$39/sqft |
Source: Public Record Report a problem | ||
| 8/23/1994 | Sold | $46,400$24/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,192 +12.4% | $565,076 +10% |
| 2024 | $9,959 +11.8% | $513,706 +10% |
| 2023 | $8,910 +11.7% | $467,006 +10% |
| 2022 | $7,973 +8.9% | $424,551 +10% |
| 2021 | $7,325 +13.7% | $385,956 +15.2% |
| 2020 | $6,444 +1.2% | $334,935 +2.4% |
| 2019 | $6,368 +10.2% | $327,042 +10% |
| 2018 | $5,781 | $297,311 +10% |
| 2017 | $5,781 +1.6% | $270,283 +10% |
| 2016 | $5,690 +20.3% | $245,712 +10% |
| 2015 | $4,728 +4.5% | $223,375 +10% |
| 2014 | $4,524 +8.3% | $203,069 +10% |
| 2013 | $4,179 | $184,609 -7.8% |
| 2012 | $4,179 -1.2% | $200,210 -0.1% |
| 2011 | $4,230 -2.2% | $200,332 +6.3% |
| 2010 | $4,327 -13.9% | $188,446 -21.8% |
| 2009 | $5,023 -16.8% | $240,882 -19.6% |
| 2007 | $6,037 +290.5% | $299,644 |
| 2006 | $1,546 | -- |
| 2005 | $1,546 +2.1% | -- |
| 2004 | $1,514 +7.9% | -- |
| 2003 | $1,403 +3.8% | -- |
| 2002 | $1,352 | -- |
| 2001 | $1,352 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 33143
Nearby schools
GreatSchools rating
- 9/10David Fairchild Elementary SchoolGrades: PK-5Distance: 1.2 mi
- 7/10South Miami Middle SchoolGrades: 6-8Distance: 1.1 mi
- 3/10South Miami Senior High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Fairchild; David
- Middle: South Miami
- High: South Miami
Source: MIAMI. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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