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1523 NW 38th St, Miami, FL, 33142

5beds
2baths
1,472sqft
$615,000
$418price/sqft
$4,041/moest. monthly cost
$161,640/yrincome needed

About This Home

Renovated income-producing single-family home in the heart of Allapattah generating $5,400 per month ($2,800 + $2,600) with month-to-month tenants in place. This fully updated property features modern finishes throughout, including wood-look tile flooring, quartz countertops, stainless steel appliances, split A/C units, and a beautifully renovated bathroom with contemporary fixtures. The layout offers functional living space with clean, move-in-ready interiors. Situated on a spacious fenced lot with a large backyard, secured side entrance, and dedicated utility/laundry area, this property provides both privacy and versatility. Centrally located just 15 minutes from Downtown Miami, Wynwood, Brickell, and Miami International Airport , making it highly desirable for both residents and tenants. Ideal for investors seeking immediate cash flow, house hackers looking to offset their mortgage, or buyers wanting flexibility with strong rental demand already in place. Renovated. Centrally located. Income-producing. Flexible.

Getting Around

81
WalkingVery Walkable
62
TransitGood Transit
66
BikeBikeable

Schools

Construction

Condition

  • Year built: 1925

Materials

  • Roof: Shingle
  • Construction materials: Concrete Block Construction

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Other

Heating & Cooling

  • Heating features: Electric
  • Cooling features: Electric

Interior Area

  • Total structure area: 2,352
  • Total interior livable area: 1,472 sqft

Property

Details

  • Parcel number: 0131230180121
  • Zoning: 6107

Features

  • Stories: 2
  • Entry location: First Floor Entry
  • Pool features: R30-No Pool/No Water
  • Has view: Yes
  • View description: Other
  • Residential vegetation: Fruit Trees

Lot

  • Lot size: 5,840 sqft
  • Features: Less Than 1/4 Acre Lot

Parking

  • Parking features: Driveway
  • Has uncovered spaces: Yes