Additional Details

• Ideal Investment Strategy: Rental
• Potential ARV: $110,000/$115,000
• Estimated Rehab: $20,000/$15,000
• Comparable Rent: $1,500
• Construction: CBS
• Occupancy: Call your Agent
• Comp 1: 18900 NE 3rd Ct Unit#522 (1/1, 850 sq ft) -- SOLD June 2022 @ $144,500 (Updated) Sold in 22 days!
• Comp 2: 18900 NE 3rd Ct # 535 (1/1, 850 sq ft) -- PENDING @ $144,500 (Clean) Went under contract in 14 days!
• Comp 3: 251 NE 187th St Unit#803 (1/1, 850 sq ft) -- SOLD June 2022 @ $115,000 (Totally outdated) (Rented in the same month for $1600.00/mo)
• Comp 4: 245 NE 191st St Unit#3021 (1/1, 660 sq ft) -- RENTED @ $1,440.00/mo (Not remodeled, same exact unit as ours) RENTED over asking price in 21 days!
• Rehab Description: This is an easy rehab on a unit that has less than 700 sq ft of living area. Trashout the unit, repaint throughout, replace the floors, remodel the kitchen, remodel the bathroom, and deep clean.
• Features: Great rental opportunity in Miami near Ives Estates! This waterfront condo is a very straightforward rehab in an investor friendly community! Location is great, located just minutes from I-95, Florida Turnpike and Hard Rock Stadium!
• Important Details: Vacant at closing! - Requires HOA Approval: $250.00/mo HOA + $67.00 roof assessment until end of 2022. - Rentals are allowed within first year with a one time payment of $1000.00 to the HOA. No payment required after second year. - 55+ community but LLCs are welcome
• Hard Money: Pre-Approved by OPS Loans for up to 65% LTV – See OPS Loans Tab