Additional Details

• Ideal Investment Strategy: Rental/Resale
• Potential ARV: $700,000/$725,000
• Estimated Rehab: $40,000/$50,000
• Comparable Rent: $7,600
• Construction: CBS
• Occupancy: Call your Agent
• Comp 1: 3008 NW 13th St - 5/6 - 2745 sqft - Triplex - Completely Updated - August 2021 - Sold @ $800,000
• Comp 2: 1132 NW 32nd Pl - 6/3 - 2294 sqft - Duplex - Outdated/ Rental Condition - February 2022 - Sold @ $625,000
• Comp 3: 920 nw 34th st - 2/1 - 850 sqft - Partially Updated/ Rental Condition - Rented @ $1800
• Comp 4: 3560 nw 4th st - 2/1 - 1055 sqft - Clean/ Rental Condition - Rented in 9 days @ $2300
• Rehab Description: To maintain with current rents, the property needs very little maintenance. A coat of exterior paint is needed. The roof should be looked at by a professional inspector to verify useful lifespan. To optimize rents, the units could benefit from a fresh coat of interior paint and floors. Its recommended to update bathroom vanities. Updating kitchens is optional.
• Features: A cash cow income producing Quadplex, fully rented with month to month tenants. The property features (4) units: Two 2/1s, one 2/2, and one studio under combined square footage of 2564 sq ft. Solid CBS property w/ central A/C and rents can be raised up to $2400.00 for the 2 bedrooms and up to $1300 for the studio. Located in the booming area of Little Havana, just blocks away from Marlins Park, Downtown Miami and a quick drive to Miami International Airport. This deal is being offered at a compelling rental return cap rate.
• Important Details: Buyer must assume property w/ Violations - Buyer must assume property w/ existing M2M tenants
• Hard Money: Pre-Approved by OPS Loans for up to 65% LTV – See OPS Loans Tab