Additional Details

• Contact:: Benjamin Valdez 954-807-9140 bvaldez@propertyforce.com
• Important Details: --> VACANT AT CLOSE! --> ZONE RU-2 5700 (ZONED FOR MULTI-DUPLEX)
• Features: INCREDIBLE DEAL IN SOUTH MIAMI! This CBS home is situated in a large lot and being offered VACANT at close for under $250,000. No association fees or rental restrictions! This is a straight forward rehab. Conveniently located within walking distance to US1, Cauley Square Historic District, parks, shopping, restaurants, and near the Turnpike. Don't miss out on this home run opportunity.
• Rehab Description: For a flip, this property will require a complete renovation. On the outside, replace the roof, install central AC to the property, apply fresh paint, and apply landscaping to boost curb appeal. On the interior, repaint throughout, replace the floors, remodel the kitchen, remodel the bathroom, and deep clean. To maximize resale value it is recommended to add a second bathroom.
• Potential ARV: $380,000-$400,000
• Estimated Rehab: $70,000-$80,000
• Construction: CBS
• Ideal Investment Strategy: Rental/Resale
• Comparable Rent: $3000
• Comp 1: 22260 SW 107th Ave, Miami, FL 33170 3/1 792 SQFT 1960 BUILD SOLD @ $320,000 02/06/23 (Smaller/investor AS-IS condition)
• Comp 2: 21200 SW 120th Ave, Miami, FL 33177 2/1 1470 SQFT 1958 BUILD SOLD @ $300,000 12/23/2022 (Slightly bigger/Investor purchase/sold AS-IS)
• Comp 3: 12003 SW 194th Ter, Miami, FL 33177 3/1 1080 SQFT 1970 BUILD SOLD @ $260,000 12/02/2022 (Sold in AS-IS condition/Investor purchase)
• Comp 4: 22040 SW 116th Ave, Miami, FL 33170 3/2 1066 SQFT 1957 BUILD SOLD @ $400,000 08/31/22 (Clean with some updates)
• Occupancy: VACANT AT CLOSE!
• Hard Money: Pre-Approved by PropertyForce Funding for up to 60% LTV – See PropertyForce Funding Tab