27 NE 60th Terrace, Miami, FL 33137 (MLS# A12079952)

27 NE 60th Terrace, Miami, FL 33137

$1,300,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A12079952

Property Type: Residential Income Square Footage: 2,804 Status: Active

Current Price: $1,300,000 List Date: 8/29/2026 Last Modified: 10/05/2026

Overview

Description

Rare opportunity to own an income-producing fourplex in one of Miami’s most promising redevelopment corridors. Located just blocks from the revived Magic City Innovation District – Little Haiti, this property offers investors existing rental income today with significant long-term upside as the surrounding area continues to transform.The nearby approximately $3 billion master-planned development is expected to bring thousands of new residential units, technology and AI-focused commercial space, retail, restaurants, hotels, public spaces and future transit connectivity to the area.Positioned near the Design District, Midtown, Wynwood, Biscayne Boulevard and Little River, 27 NE 60th Terrace sits directly in the path of Miami’s continued northward growth.This is more than a fourplex — it is an opportunity to own scarce multifamily real estate near one of Miami’s largest planned redevelopment projects. SELLER IS OFFERING A $50,000 CREDIT TO BUYER AT CLOSING IF PROPERTY IS PURCHAS ... (Read more)

Listing Details MLS# A12079952

General Property Information

Number Of Units Total: 4
Property Sub Type: Quadruplex
Building Area Main: 2804
Living Area Main: 2804
Adjusted Area Main: 2508
Year Built: 1929
Parking Total: 8
Stories Total: 2
Pool Private YN: No

Property Features

Documents Available: Other Available Information Flooring: Tile Property Condition: Resale; Updated/Remodeled Structure Type: Multi Family Construction Materials: CBS Cooling: Ceiling Fan(s); Wall/Window Unit(s) Heating: Separate Meters; None Listing Terms: Cash; Conventional; FHA Possession: Close Of Escrow; Negotiable Roof: Flat Sewer: Public Sewer Tax Information: Tax Reflects No Exemptions Utilities: Cable Available Showing Requirements: 24 Hour Notice Unit 1 Appliances: Microwave Unit 1 Parking Features: Open Parking Unit 1 Rooms: Den; Family Room; Kitchen Unit 2 Parking Features: Open Parking Unit 3 Parking Features: Open Parking Unit 4 Parking Features: Open Parking Acreage Description: 1/4 To Less Than 1/2 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 1400000

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 27
Street Direction Prefix: NE
Street Name: 60th
Street Suffix: Terrace
City Name: Miami
Municipal Code: Yes
State Or Province: FL
Postal Code: 33137
Postal Code +4: 2020
Postal Zip: 33137
Subdivision Name: ROCKMOOR PLACE
Area: 2310
Middle Or Junior School: Jose De Diego
High School: Miami Edison
Parcel Number: 0131130490233
Subdivision Number: 49
Zoning: 5700
Flood Zone: X

Financial Information

Tax Annual Amount: 14575
Tax Year: 2025
Tax Legal Description: ROCKMOOR PLACE PB 4-180 LOT 10 BLK 3 LOT SIZE 50.000 X 90 OR 20972-1185 01 2003 1 COC 25843-4753 05 2006 4

Status Change Information

Major Change Timestamp: 2026-10-05T15:31:38Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-10-05T15:31:38Z
Status Change Date: 2026-08-29

More Information

Income and Expenses

Gross Income: 7400

Unit 1 Details

Actual Rent: 1800
Baths Full: Yes
Efficiency YN: No
Furnished: Partially

Unit 1 Lease Description

Currently Leased YN: Yes

Unit 2 Details

Actual Rent: 1800
Baths Full: Yes
Efficiency YN: No
Furnished: Partially

Unit 2 Lease Description

Lease Term: Month To Month

Unit 3 Details

Actual Rent: 2000
Baths Full: Yes
Efficiency YN: No
Furnished: Unfurnished

Unit 3 Lease Description

Lease Term: Month To Month

Unit 4 Details

Actual Rent: 1800
Baths Full: Yes
Efficiency YN: No
Furnished: Unfurnished

Unit 4 Lease Description

Currently Leased YN: Yes

Price Calculations

Current Price To SqFt: 463.62

Section Details

Parcel Number MLX: 0233

Originating Details

Originating System Key: 560567784
Originating System ID: M00000151

Listing Office: Canvas Real Estate

Last Updated: October - 05 - 2026

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