For sale Home

Listed May 10, 2026

$399,000 Est. $2,639/mo

1891 Northwest 62nd Terrace

  • 3

    Beds

  • 2

    Baths

  • 1,376

    Sq ft

The story

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.

Facts & features

Home type

Home

Year built

1947

Floors

1

Price per sq ft

$290

Included features

  • Cooling

    Central Air

  • Heating

    Central

  • Appliances

    Dishwasher, Electric Range, Electric Water Heater, Refrigerator, Self Cleaning Oven

  • Flooring

    Hardwood, Tile, Wood

  • Roof

    Shingle

  • Lot Information

    Less Than Quarter Acre

  • Exterior

    Balcony, Lighting

  • Water Source

    Public

  • Sewer

    Public Sewer

Mortgage calculator

Estimated monthly payment

$2,639 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $2,124
  • Property tax $399
  • Insurance $116

Includes principal, interest, taxes & insurance.

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Listing Broker

Platinum Properties Int'l Inc.

Broker Name

Platinum Properties Int'l Inc.

Agent

Olga Formoso

Location

Coral Gables FL 33134