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577 NE 62 STREET # 2, Miami FL 33138 — photo 11 / 21
20.4% reduced

577 NE 62 STREET # 2, Miami FL 33138

Miami, FL

List Price

$195,000

Type

Condo / Townhome

Bedrooms

2

Bathrooms

1

Price / SqFt

$320/sqft

Price reduction

20.4% below original list — was $245,000

Tenant-occupied

Property Information

Square Feet
610
Units
1
Days on Market
439
Status
active

Location

County
Miami-Dade County
Zip Code
33138
Coordinates
25.8336, -80.1847

Represented by Academia

Academia Real Estate Corp can represent you on this property. Use the inquiry form to have a licensed broker reach out with full details and next steps.

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Property: 577 NE 62 STREET # 2, Miami FL 33138

Price: $195,000

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Why this deal

  • 20.4% off original list price
  • Value-add opportunity
  • Represented end-to-end by Academia
  • Active listing — move quickly

Deal Score

64/100

Fair

How this
is scored →
Discount depth40%

20.4% off original list (full marks at 25%+).

Days on market20%

439 days on market (full marks at 120+ — more time = more leverage).

$/sqft vs area median25%

$320/sqft vs area median $333/sqft. Lower can mean value — or lower condition/location. Verify.

Seller-motivation signals15%

Soft motivation language (value-add, motivated, tenant-occupied, cash-only).

A screen of the public MLS data we have — not an appraisal, valuation, or investment advice.

Deal calculator

Value-add deal calculator

577 NE 62 STREET # 2, Miami FL 33138, Miami, FL

Recommended max offer

$147,100

Spread vs list (room below list)

$47,900

70% rule MAO

$147,100

Margin-based MAO

$171,600

Est. all-in basis

$171,500

Projected profit

$73,500

Estimates only — not investment advice. Verify ARV and rehab with a licensed pro.