




8 photos
1891 62nd Ter
Miami, FL 33147
Listing courtesy of Platinum Properties Int'l Inc. (Olga Formoso). Contact: [email protected].
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.
- Principal and interest
- $2,018
- Property tax
- $552
- Homeowners insurance
- $250
- HOA(not in the listing)
- $0
An estimate, not a loan offer. The rate and insurance are assumptions to edit with your own quotes; Florida insurance varies widely by age, construction and distance to the coast. Flood insurance and PMI are not included.
Estimate: the price times the Miami-Dade County average total millage (18.49 mills, Florida Department of Revenue, 2025 average total millage by county), less the homestead exemptions. The actual bill depends on the city, the assessed value and special assessments. Save Our Homes then caps annual assessment increases at 3% or inflation, whichever is lower.
Outside the special flood hazard area. Flood insurance is optional.
Sources: FEMA National Flood Hazard Layer and the Florida Division of Emergency Management evacuation zones, looked up at the listing point. Confirm with an elevation certificate and your insurer.
Listing data provided by the Southeast Florida Multiple Listing Service (MIAMI REALTORS®). The data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by the MLS. Atlantic Luxury Advisors is a real estate team at Keller Williams Realty. Payment, tax and flood figures on this page are estimates by Atlantic Luxury Advisors, not MLS data.





