
$615,000
Single Family ResidenceActive1523 NW 38th St, Miami FL 33142
MLS #A11969960About This Property
Turnkey investment in the heart of Allapattah, currently bringing in $5,000 per month from two separately leased spaces ($2,650 + $2,350), with month-to-month tenants in place. The home has been fully updated with wood-look tile flooring, quartz countertops, stainless steel appliances, split A/C units, and a renovated bathroom with modern fixtures. Interiors are clean, functional, and move-in ready. Outside, a spacious fenced lot offers a large backyard, a secured side entrance, and a dedicated utility and laundry area, giving you both privacy and flexibility. The location is hard to beat: about 15 minutes from Downtown Miami, Wynwood, Brickell, and Miami International Airport, which keeps rental demand strong. This home suits investors who want cash flow from day one, house hackers who want tenants covering the mortgage, and buyers who want options with income already in place.
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Blue Mar Real Estate Group
Property Details
Property Type
Single Family Residence
Year Built
1925
Living Area
1,472 sq ft
Lot Size
5,840 sq ft
Bedrooms
5
Bathrooms
2
Pool
No
Waterfront
No
Cooling
Electric
Heating
Electric
Roof Type
Shingle
Construction
Concrete Block Construction
Style
Detached, Two Story
HOA Fee
None
Annual Taxes
$2,025 (2025)
Days on Market
181
MLS #
A11969960
Features & Amenities
Interior
Appliances
Exterior
Community
Other
Nearby Schools
Assigned public schools pulled from Miami-Dade County Public Schools’s official attendance-boundary data. Verify current boundaries with MDCPS before buying — zones can change year to year.
School data source: Miami-Dade County Open Data Hub
Location
City
Miami
State
FL
ZIP Code
33142
County
Miami-Dade County
Subdivision
ALLAPATTAH VIEW
Listing provided by Barclay Belizaire at Keller Williams Eagle Realty. Data from Miami Association of REALTORS®. All information deemed reliable but not guaranteed. Listing #A11969960.