tomo logo

$225,000

Beds
1
Baths
1.0
sq ft
537

551 NE 62nd St Unit 10, Miami, FL 33138

551 NE 62nd St Unit 10

Miami, FL 33138

  • 12 days on market
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.

Details

Property type

Condominium

Est. home value

$229,184

Lot size

Unknown

Price per sq ft

$419

Year built

1947

Annual property taxes

$3,354

Monthly HOA fee

$12.5

Price History

12/10/2024
SEF

SEF #A11707025

Listed
$225,000
-4.26%
12/15/2023
SEF

SEF #A11451077

Removed
$235,000
09/11/2023
SEF

SEF #A11451077

Listed
$235,000

Schools & Community

Neighborhood: 

Upper Eastside

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Interamerican Bank Fsb

Loan start date

July 2022

Original loan amount

$127,500

Est. remaining balance

Not provided

Interest rate

5.1%

Loan type

Future Advance Clause / Open End Mortgage

Seller

Fade Properties Miami Llc

Lender

Interamerican Bank Fsb

Loan start date

July 2022

Original loan amount

$127,500

Est. remaining balance

Not provided

Interest rate

5.1%

Loan type

Future Advance Clause / Open End Mortgage

Seller

Fade Properties Miami Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Similar Homes Nearby

Price drop
SEF
$239,000
1 bd
|
1 ba
|
613 sq ft
|
Condo

541 NE 62nd St Unit 13, Miami, FL 33138

SEF
$225,000
1 bd
|
1 ba
|
537 sq ft
|
Condo

541 NE 62nd St Unit 7, Miami, FL 33138

SEF
$225,000
1 bd
|
1 ba
|
545 sq ft
|
Condo

541 NE 62nd St Unit 8, Miami, FL 33138

Status: Active

Tomo last checked: 12/22/2024 at 9:10 PM

Listing updated: 12/11/2024 at 9:25 AM

Listed by: Thomas Falkenstein, The Suero Group Phone #: (305) 901-7176

MLS: SEF #A11707025

SEF logo

Recently listed in Miami

$2,500,000|4 bd|3.0 ba|House
$824,999|5 bd|3.0 ba|House
$439,000|3 bd|2.0 ba|House
$625,000|4 bd|2.5 ba|House
$1,050,000|5 bd|2.0 ba|House