Additional Details

• Ideal Investment Strategy: Resale
• Potential ARV: $600,000/$615,000
• Estimated Rehab: $75,000/$80,000
• Comparable Rent: $6,500
• Construction: Frame
• Occupancy: Call your Agent
• Comp 1: 417 NW 46th St (3/2, 1056 sq ft) -- PENDING @ $735,000 (Frame, Updated, Zoned T3L) Went pending in 9 days!
• Comp 2: 540 NW 51st St (3/1, 1600 sq ft) -- PENDING @ $649,500 (Completely remodeled) Went pending in 14 days!
• Comp 3: 227 NW 48th St (3/2, 1425 sq ft) -- SOLD 12/21 @ $630,000 (Completely remodeled) Sold 4 months ago in 5 days $30,000 over asking!!
• Comp 4: 280 NW 52nd St (3/2, 1209 sq ft) -- SOLD 12/21 @ $575,000 (Completely remodeled) Sold 4 months ago in 23 days $25,000 over asking!!
• Rehab Description: This is a full rehab. For a flip, fully gut the inside and reconfigure into a 3/2, install a new HVAC w/ duct work, install new walls, apply fresh paint, install new floors, install a new kitchen, and install new bathrooms. On the exterior, replace the roof, replace new windows, repaint, and install new landscaping. Optionally, this property has 7,200 square feet on the lot and is zoned T3O, giving you the opportunity to teardown and rebuild two townhomes on the lot that retails in this area for $900,000+ each.
• Features: EXTREMELY RARE deal for sale in Buena Vista!! Located just 2 minutes away from Wynwood/Design District, this historic community is on the rise, boasting million dollar homes for sale on the same street! Houses like ours that are completely remodeled retail for OVER $600k!! Added bonus: the lot is completely conforming and has 7,200 square feet, zoned T3O, which allows for improvement into a brand new twin townhome development that can be worth up to $2M!
• Important Details: 21 day post occupancy w/ $15,000 holdback! - Rentals in area up to $9,000/mo!!
• Hard Money: Pre-Approved by OPS Loans for up to 65% LTV – See OPS Loans Tab