1601 NW 62nd Terrace, Miami, FL 33147

$799,000
Property Type: Residential Income Square Footage: 2,340 Lot Size (sq. ft.): 3,485 Status: Active
Current Price: $799,000 List Date: 7/09/2025 Last Modified: 3/18/2026

Description

Excellent opportunity to own a duplex in Miami’s rapidly evolving Liberty City neighborhood. Surrounded by new construction, redevelopment, and ongoing infrastructure improvements. The duplex provides two units in a high-demand rental market, making it ideal for buy-and-hold investors or those seeking future appreciation as neighborhood revitalization continues. Separate electric and water meters in place. Convenient access to major roads, employment centers, and central Miami locations enhances tenant demand.Invest where growth is already underway — before values fully reflect the transformation.

Supplements: This property offers strong long-term upside for investors looking to enter an area with growing momentum.The duplex provides two income-producing units in a high-demand rental market, making it ideal for buy-and-hold investors or those seeking future appreciation as neighborhood revitalization continues.

More Information MLS# F10514104

Contract Information

Comp Sale YN: No Negotiable Seller Concessions YN: Yes Listing Contract Date: 2025-07-08 Status: Active Original List Price: 799000 List Price: $799,000 Current Price: $799,000 Listing Service: Full Service

Location and Legal

County Or Parish: Miami-Dade County Parish Name: Miami-Dade City Name: Miami Municipality Type: Incorporated Municipal Code: 01 Postal Zip: 33147 Geographic Area: DADE Subdivision Number: 27 Special Assessment YN: No Flood Zone: X Country: United States Street Number: 1601 Street Direction Prefix: NW Street Name: 62nd Street Suffix: Terrace State Or Province: FL Postal Code: 33147 Postal Code +4: 7900 Subdivision Name: E LIBERTY CITY SEC A Area: 2310 High School: Miami Northwestern Parcel Number: 01-31-14-027-0960 Zoning: 5700 Directions: South to MiamiRight NW 32nd AvLeft NW 79th StRight NW 17th Ave Left NW 62nd TerrOn Left 1601 NW 62ndUse GPS for best directions

Currently Not Used

Number Of Units Total: 2

General Property Information

Adjusted Area Main: 2106 Living Area Main: 2340 Living Area Source: Public Records Accessibility Features YN: No Gated Community YN: No Parking Total: 4 Lot Size Area: 3400 Senior Community YN: No Stories Total: 2 Pool Private YN: No LP/Assessed Value: 2.07 Property Sub Type: Duplex Building Area Main: 2340 Building Area Source: Public Records Year Built: 2006 Lot Size Acres: 0.08

Financial Information

Application Required YN: No Estimated Monthly Assoc Recurring Fee: 0 Tax Assessed/SOH Value: 385748 Assessor Market Value: 415737 Tax Annual Amount: 7679 Tax Year: 2025 Tax Legal Description: E LIBERTY CITY SEC A PB 39-19 LOT 2 LESS S5FT BLK 5 73R1919 LOT SIZE 40.000 X 85 OR 19163-1988 0600 4 COC 23150-0252/23135-0005 0305 3 23879

Office/Member Information

DXORIGMLSID: RML

Exterior Features

Courtyard: 1

Flooring

Tile: 1

Property Condition

Resale: 1

Special Information

Sold As-Is: 1

Special Listing Conditions

Standard: 1

Co-Ownership

Property Management YN: No

Documents Available

Copy Of Lease(s): 1

Meter Information

Separate Electric Meters YN: Yes Separate Gas Meters YN: Yes Separate Water Meters YN: Yes

Tenant Pays

Cable TV: 1 Electricity: 1 Water: 1

Possession

Negotiable: 1

Sewer

Public Sewer: 1

Utilities

Cable Available: 1

Heating

Central: 1 Separate Meters: 1

Construction Materials

CBS: 1

Listing Terms

Cash: 1 Conventional: 1

Roof

Flat: 1 Tile: 1

Water Source

Public: 1

Cooling

Ceiling Fan(s): 1 Central Air: 1

Showing Requirements

24 Hour Notice: 1 Showing Service: 1

Pets Allowed YN

Yes: 1

Pets Allowed

No Restrictions: 1

Pet Details

Pet Fee YN: No

Restrictions

Other Restrictions: 1

Tax Information

Tax Reflects No Exemptions: 1

Showing Details

Pet(s) on Premises: No

Unit 1 Details

Actual Rent: 0 Baths Full: 2 Beds Total: 3 Efficiency YN: No Furnished: Unfurnished Hotel Room YN: No SqFt: 2340

Unit 1 Lease Description

Currently Leased YN: Yes Lease Term: Month To Month Lease Expiration: 2025-12-31

Unit 1 Other Equipment

Air Conditioning Unit: 1

Unit 1 Parking Details

Carport YN: No Garage YN: No

Unit 1 Parking Features

Open Parking: 1 Parking Space: 1

Unit 1 Rooms

Family Room: 1 Kitchen: 1

Unit 2 Appliances

Dryer: 1 Range: 1 Refrigerator: 1 Washer: 1

Unit 2 Details

Actual Rent: 0 Baths Full: 2 Beds Total: 3 Efficiency YN: No Furnished: Unfurnished Hotel Room YN: No SqFt: 2340

Unit 2 Lease Description

Currently Leased YN: Yes Lease Term: Month To Month Lease Expiration: 2025-12-31

Unit 2 Other Equipment

Air Conditioning Unit: 1

Unit 2 Parking Details

Carport YN: No Garage YN: No

Unit 2 Parking Features

Open Parking: 1

Unit 2 Rooms

Family Room: 1 Kitchen: 1

Price Calculations

Current Price To SqFt: 341.45

Section Details

Parcel Number MLX: 0960

Status Change Information

Major Change Timestamp: 2025-07-09T00:40:44Z Major Change Type: New Listing Status Change Date: 2025-07-08

Originating Details

Originating System Key: 600977615 Originating System ID: M00000170

Property Features

Documents Available: Copy Of Lease(s) Exterior Features: Courtyard Flooring: Tile Property Condition: Resale Special Listing Conditions: Standard Tenant Pays: Cable TV; Electricity; Water Construction Materials: CBS Cooling: Ceiling Fan(s); Central Air Heating: Central; Separate Meters Listing Terms: Cash; Conventional Pets Allowed YN: Yes Pets Allowed: No Restrictions Possession: Negotiable Restrictions: Other Restrictions Roof: Flat; Tile Sewer: Public Sewer Special Information: Sold As-Is Tax Information: Tax Reflects No Exemptions Utilities: Cable Available Water Source: Public Showing Requirements: 24 Hour Notice; Showing Service Unit 1 Other Equipment: Air Conditioning Unit Unit 1 Parking Features: Open Parking; Parking Space Unit 1 Rooms: Family Room; Kitchen Unit 2 Appliances: Dryer; Range; Refrigerator; Washer Unit 2 Other Equipment: Air Conditioning Unit Unit 2 Parking Features: Open Parking Unit 2 Rooms: Family Room; Kitchen
Listing Office: Elevate Real Estate Brokers of
IDX
Last Updated: March - 18 - 2026
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