205 NE 123rd St, North Miami, FL 33161
SOLD! $619,990
Additional Details
- Important Details: --> Vacant at close -->.39 Acre oversized corner lot
- Features: This 4-bedroom, 3-bath property offers 2,601 square feet of total living space and sits on a fully fenced .39-acre corner lot with a front gate—oversized for the area. The main home features 3 bedrooms, 2 baths, and 2,202 square feet, while the attached 1-bedroom, 1-bath suite adds an additional 399 square feet with its own kitchenette—perfect for in-law use or added rental income. The property also includes a one-car garage and an outdoor shed, providing ample storage and flexibility for investors. Vacant at close and ideally located in prime North Miami near Biscayne Bay and downtown, this property presents a rare opportunity to acquire a large, versatile home in a high-demand area.
- Potential ARV: $950,000-$970,000
- Rehab Description: To maximize on resale value, replace the AC unit while keeping the 2013 roof, which remains in good condition with no leaks or issues. Renovate the interior of both the main home and the attached 1/1 suite, updating the flooring, kitchen, bathrooms, and fixtures throughout. Apply fresh interior and exterior paint to modernize the look, and finish with landscaping to boost curb appeal and create a strong visual impression for buyers
- Ideal Investment Strategy: Resale
- Construction: CBS
- Comp 1: 142 NE 122nd St, North Miami, FL 33161 4/3 2006 SQFT 1955 Build SOLD @ $895,000 4/16/25 (Smaller/updated/lot less than half the size)
- Comp 2: 360 NE 118th St, Miami, FL 33161 4/3 2507 SQFT 1953 Build SOLD @ $980,000 6/27/25 (Smaller/updated/lot less than half the size)
- Comp 3: 470 NE 113th St, Miami, FL 33161 3/2 2302 SQFT 1951 Build SOLD @ $1,000,000 9/11/25 (Smaller/same size lot/updated)
- Comp 4: 500 NE 114th St, Miami, FL 33161 3/2 1858 SQFT 1955 Build SOLD @ $950,000 6/3/25 (Smaller/updated/lot less than half the size)
- Hard Money: Pre-Approved by OPS Loans for up to 75% LTV – See OPS Loans Hard Money















































