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Single Family Residence
$390,000$298 / sqft
6940 NW 28th Ave, Miami FL 33147
Listed
3
Bedrooms
1
Bathrooms
1,308 sqft
Interior
1955
Year built
None
HOA
Single Family Residence
Type
About this home
Opportunity knocks in Miami! This single-family home, built in 1955, sits on an approximately 7,500-square-foot lot and offers tremendous potential for investors, contractors, and buyers looking to renovate and create value. This property is being offered at an attractive, sale-oriented price that reflects its current condition and the improvements needed. Please note: This home is a fixer-upper and requires significant work. The roof needs replacement, and visible signs of interior water leaks are present. Buyers should be prepared to undertake repairs and renovations and conduct their own inspections to determine the full scope of work needed. For those with vision, this property presents an opportunity to transform an existing home into something special. The detached, single-story residence offers a spacious lot, a fenced front yard, and a long driveway with open-air parking. The lot provides room to explore the property’s potential, subject to applicable zoning, permitting, and local regulations. Conveniently located in Miami, with access to major roadways, shopping, dining, and everyday amenities, this property is worth a look for buyers seeking their next renovation project. Priced to sell in its current condition. Buyers are encouraged to perform all due diligence, inspections, and verification of property details, permits, and any intended improvements before submitting an offer. Bring your vision and make the most of this opportunity!
Features
- First Floor Entry
- Family Room
- None
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
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 3-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $3,200–$5,100.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.