12550 NW 1st Ave, North Miami, FL 33168

SingleFamilyResidence · Active

$457,000

12550 NW 1st Ave, North Miami, FL 33168 — MLS photo

Miami Foreclosures & Bank-Owned Properties

12550 NW 1st Ave, North Miami, FL 33168

Bedrooms
3
Bathrooms
2
Interior
1,296 sq ft
Price / sq ft
$353/sq ft
Built
1949
Lot
9,075 sq ft

The residence

PRIME INVESTMENT & VALUE-ADD OPPORTUNITY IN NORTH MIAMI! Sitting on an oversized 9,075 SF lot, this solid concrete block (CBS) residence offers incredible instant equity potential in a rapidly appreciating neighborhood. Tax records confirm a spacious 1,296 SF of living area; while public records reflect a 2-bed/1-bath count, the interior is currently configured and utilized as a highly functional 3-bedroom, 2-bathroom layout—ideal for end-users needing extra space or investors looking to maximize ROI. Inside features a brand-new electrical panel (2026), an updated kitchen with stainless steel appliances, tile flooring throughout, and generous living areas. The expansive fenced backyard is a true tropical oasis boasting lush landscaping, a covered patio, an outdoor utility room, and ample room for a pool, boat, or RV. Property utilizes window A/C units (no central A/C) and needs some TLC, making it the perfect blank canvas to customize while building massive value. Unbeatable central location just minutes from major highways, shopping, and the beaches. Priced aggressively below market value for a fast sale! Sold strictly AS-IS; buyer to independently verify all information, room count, and permitting.

Property location

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12550 NW 1st Ave, North Miami, FL 33168

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Facts & features

Interior

Bedrooms
3
Bathrooms
2
Living area
1,296 sq ft
Flooring
Ceramic Tile
Appliances
Dryer, Electric Range, Disposal, Microwave, Washer
Cooling
Wall Window Units
Heating
Wall Furnace
Interior features
First Floor Entry

Exterior & Structure

Property type
SingleFamilyResidence
Year built
1949
Lot size
9,075 sq ft
Architectural style
Detached, Ranch, One Story
Roof
Composition, Flat
Construction
Block
Exterior features
Fence, Fruit Trees, Patio, Shed
Pool
None
View
None

Parking

Garage spaces
0
Covered spaces
1
Parking features
Attached Carport, Driveway, Other

HOA, Community & Financials

Pets allowed
Cats Ok, Dogs Ok, Yes
Annual tax
$1,530
Subdivision
OVERBROOK SHORES
County
Miami-Dade
Days on market
89
MLS listing ID
A12071083
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

$671

Cap rate
7.4%
Net yield
7.4%
Cash-on-cash return
6.3%
Gross yield
9.4%
Mortgage payment
$2,166/mo
Down payment
$114,250
Loan amount
$342,750
Annual NOI
$34,043

Estimates only — includes 5 % maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.

Get More Info About This Property

12550 NW 1st Ave, North Miami, FL 33168