Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1556 62Nd Ter Miami, FL 33147

    For Sale
    $1,275,000

    Miami Multifamily Investment Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional two-story apartment building, constructed in 1957, presents a compelling investment opportunity in Miami, Florida. Located at 1556 NW 62nd Ter, Miami, FL 33147, this multifamily property boasts a prime location near Miami International Airport, Brickell, Downtown Miami, Wynwood, and the beaches, ensuring high occupancy rates and strong rental income. The asking price is $1,275,000. The property is classified as an apartment building, specifically a duplex, triplex, or quadplex, offering a diverse range of rental units. Its central location within Miami-Dade County provides easy access to major transportation arteries and a wealth of amenities. The building's solid construction and established tenancy history contribute to its strong financial performance. This is an ideal investment for those seeking a stable, income-generating asset in a rapidly growing area of Miami. Please note that tenants should not be disturbed. This property is being offered as-is. Further details regarding the number of units and specific unit configurations are available upon request. Serious inquiries only.

    Property Features for 1556 62Nd Ter

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1957
    Stories
    2

    HighLights

    • Exceptional two‑story apartment building investment opportunity in Miami, FL, asking $1,275,000.
    • Prime location near Miami International Airport, Brickell, Downtown Miami, Wynwood, and beaches, ensuring high occupancy.
    • Multifamily property (duplex, triplex, or quadplex) in Miami‑Dade County with easy access to major transportation.
    • Solid construction and established tenancy history contribute to strong financial performance.
    • Offered as‑is; further unit details available upon request.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Freedom Media Hub Electronics Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2238749
    Latitude
    25.8322242

    Nearby Similar for Sale

    • New
      $2,350,000

      Miami Multifamily Short-Term Rental Property

      Boutique 5-unit apartment community in Miami's Qualified Opportunity Zone.
      1053 NW 29Th St, Miami, FL 33127
      View Details
    • $1,275,000
      3,892 SF

      Miami Fourplex with Income Potential

      Residential income property in Miami, featuring a pool and gated entry.
      14500 NE 2Nd St, Miami, FL 33161
      View Details
    • $3,850,000

      New Multifamily Units in Miami

      Newly built 10-unit multifamily property in a growing Miami area.
      1037 NW 2Nd St, Miami, FL 33128
      View Details
    • $3,850,000
      7,000 SF

      Miami Multifamily Investment Opportunity

      New 10-unit multifamily property in Little Havana.
      1037 NW 2Nd St, Miami, FL 33128
      View Details
    • $3,500,000

      Remodeled Corner Office Suite, Miami

      Completely remodeled corner office suite in the heart of Miami's financial district.
      1110 Brickell Ave, Miami, FL 33131
      View Details
    • $2,100,000

      Redevelopment Opportunity in Miami, FL

      Two lots totaling 14,000 sq. ft. ideal for redevelopment.
      1750 NW 7Th St, Miami, FL 33125
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Miami Multifamily Investment Opportunity
    Where is this multifamily property located?
    The property is located at 1556 62Nd Ter Miami, FL.
    What is the asking price?
    The asking price for this property is $1,275,000.
    What are key features of this property?
    This property features: Exceptional two-story apartment building investment opportunity in Miami, FL, asking $1,275,000.; Prime location near Miami International Airport, Brickell, Downtown Miami, Wynwood, and beaches, ensuring high occupancy.; Multifamily property (duplex, triplex, or quadplex) in Miami-Dade County with easy access to major transportation.
    Request Owner's contact information
    1556 62Nd Ter Miami, FL 33147
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1556 62Nd Ter
    Miami, FL 33147
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1556 62Nd Ter Miami, FL 33147
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.