Additional Details

• Ideal Investment Strategy: Rental
• Potential ARV: $675,000/$700,000
• Estimated Rehab: $45,000/$55,000
• Comparable Rent: $6,000
• Construction: CBS
• Occupancy: Call your Agent
• Comp 1: 6344 NW Miami Pl - 3/1 - 1086 sqft - 1939 Build - Clean/ Rental Finishes - Rented @ $3600 per month
• Comp 2: 6323 NW 1st Pl Unit#6323 - 3/2.5 - 1350 sqft - Clean/ Rental Finishes - Rented @ $3200 a month
• Comp 3: 6734 NW 5th Ave Unit#0 - 4/3 - 1436 sqft - Single Family Home - Fully Remolded - Rented @ $5,000 per month
• Comp 4: 6932 N Miami Ave - Duplex - 1677 sqft (619 sqft smaller) - Outdated - March 2022 - Sold all cash @ $520,000
• Rehab Description: To achieve maximum rental rates, this property requires a full interior cosmetic update in both units. Replace the floors, remodel the kitchen and bathrooms, apply fresh paint, and deep clean.
• Features: CASH COW for sale near MiMo district w/ Very high cap rate potential! This CBS multifamily is 100% LEGAL, has over 2700 sq ft of building space and sits on a big corner lot w/ ample parking. Unit #1 -- is a 4/2 that can be rented for up to $4,000/mo and Unit #2 -- is a 2/1 w/ a 392 sq ft garage that can rent for $2000/mo! Roof is in good shape w/ newer electric and AC. Just minutes from the Design District, Downtown Miami, and Miami Beach.
• Important Details: RENTED M2M @ $3,787.00/mo - DUPLEX: 4/2 + 2/1 (with a garage) - Lot ZONED T3O
• Hard Money: Pre-Approved by OPS Loans for up to 65% LTV – See OPS Loans Tab