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Waterfront · Single Family Residence
$498,000$493 / sqft
11935 SW 37th St, Miami FL 33175
Listed
2
Bedrooms
1
Bathrooms
1,010 sqft
Interior
1961
Year built
None
HOA
Single Family Residence
Type
About this home
RARE 75' CANAL-FRONT 10,200 SQ FT LOT IN SOUTHERN ESTATES, first time on the market in 52 years! Exceptional value-add opportunity for investors, builders, & renovators. This fixeer-upper is a clean slate large 2 bed/1 bath, 1,530 total sq ft lot home in one of West Miami-Dade's most central & established neighborhoods (33175). The value is in the land & location: ample room to renovate, expand, or demo and rebuild new. Renovated homes in the area are popping up due to lot sizes and some even sold around $1m. Solid concrete block & brick construction, fully permitted fenced lot, under roof carport, and gas line. Just blocks to Florida's Turnpike, FIU, and HCA Kendall Hospital; minutes to Westchester, shopping, parks, and top schools. SOLD STRICTLY AS-IS through probate court, no warranties or representations by Seller. No appliances convey. A/C unit and water heater present (approx 4 years old), condition not verified. Roof age is unknown; Buyer to budget accordingly and complete all independent inspections during short due diligence. CASH ONLY due to condition. Priced to reflect the work ahead, and the opportunity that comes with it. Bring your vision. Showings by appointment only.
Features
- First Floor Entry
- Other
- Room For Pool
- Canal
- Garden
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 2-bed rentals across Miami-Dade, from 154 active listings; the middle half ask $2,400–$3,640.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.