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Single Family Residence
$1,800,000$2,045 / sqft
6220 NE Miami Pl, Miami FL 33138
Listed
2
Bedrooms
1
Bathrooms
880 sqft
Interior
1960
Year built
None
HOA
Single Family Residence
Type
About this home
PRIME INVESTMENT & DEVELOPMENT OPPORTUNITY! Strategically located in Miami, this property sits on a 7,750 SF lot (50' x 155') in Miami’s growing urban core. The Miami-Dade Property Appraiser identifies the parcel’s Primary Zone as 4600 MULTI-FAMILY – 5 STORY, while the property is currently improved with a single-family residence, creating an attractive opportunity for investors, builders and developers seeking future redevelopment potential. Conveniently positioned near N Miami Ave and NE 62nd St, with access to Little Haiti, MiMo, the Upper Eastside, Design District, Wynwood and major Miami employment and entertainment destinations. Acquire, hold, renovate or explore redevelopment possibilities. A rare opportunity to secure a sizable parcel in an area experiencing continued growth and investment. Buyer to independently verify zoning, permitted uses, density, height, setbacks and development potential with the appropriate governmental authorities.
Features
- First Floor Entry
- Other
- None
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
$9,102
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 2-bed rentals across Miami-Dade, from 160 active listings; the middle half ask $2,400–$3,900.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.