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6053 SW 63rd Ter, South Miami FL 33143

Multi-family Recently Sold
$675,000

BTC: 8.73221216

ETH: 275.62270314

Sold on: 2023-03-31
11 days
0 room(s)
1,320 sqft

Overview

Attention investors! Rare opportunity in South Miami! This completely renovated and separately metered duplex offers two 2/1 units that rent easily to UM students with a combined pro-forma rental income potential of $5,200/month! With a great return on investment, this duplex is a smart choice for anyone looking to add to their portfolio with potential to earn a pro-forma 7% CAP with a 3% Cash on Cash Return. Located in the desirable South Miami close to University of Miami, Sunset Place, Coral Gables, Dadeland, shopping, dining, entertainment and also in a good school district with easy access to major highways. Don't miss out on this amazing opportunity to own a rental property with tons of upside potential in one of the hottest markets in Miami. Schedule a showing today!

Location

Florida • South Miami • 33143 • Multi-family • Recently Sold

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1964
Lot:
No Data
Heating:
Central
Price/sqft:
$527
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$637,500
$385K – $817K
Confidence Low
List vs. estimate
$57K above estimate
List $695,000 · +9.0%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$526
Based on
12 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $397K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$5,139
2022
Parking
5 spaces
All facts and features

  • Flooring

    • Ceramic Floor

    Heating

    • Central

    Cooling

    • Central Air

  • Other Property Information

    • Parcel Number: 09-40-25-010-0730

    • Zoning: 0100

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Other financial information

    • Annual tax amount: $5,139

  • Source details

    • MLS ID: A11344977

    Other facts

    • Construction Materials: Concrete Block Construction

    • Lot Features: Less Than 1/4 Acre Lot

    • Window Features: Blinds

    • Architectural Style: Detached

    • Living Area: 1320

    • Water Source: Municipal Water

    • Subdivision Name: FRANKLIN SUB

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33143
178
median $1.4M
Active
Same city
South Miami
54
median $1.1M
Active
Same type
Multi-family
—
Active
Similar price
$486K – $903K
6
median $747K
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Real Estate Sales Force