Additional Details

• Features: CBS MULTIFAMILY IN SHENANDOAH?! This four bedroom, two bathroom multifamily features 2,262 living sqft, and sits on a HUGE 6,500 sqft lot. First unit is three bedroom/one bath, second unit is a two bedroom/one bath, and third unit is a one bedroom/one bath. Highly desirable location seconds from Calle Ocho, Tamiami Trail, Marlins Park, and Restaurants! Don't miss out on the opportunity to enter this market at a nearly impossible-to-find price where the properties are moving in less than 30 days on the market!
• Potential ARV: $875,000-$925,000
• Rehab Description: For a rental, this property is in current rental condition. The roof was recently replaced in 2020. The ac units have both been replaced within the last 5 years. To maximize rent and flip profit potential, modernize the interior by updating the flooring, kitchen, baths, and fixtures/trim. Apply interior/exterior fresh paint and deep clean.
• Estimated Rehab: $30,000-$50,000
• Ideal Investment Strategy: Rental/Resale
• Construction: CBS
• Comparable Rent: $6,900-$7,200
• Comp 1: 1620 SW 19th St, Miami, FL 33145 Duplex (2/2 & 2/1) 1988 SQFT 1958 Build PENDING @ $1,100,000 (Rented for a total of $7200/mo) (Smaller unit/fully remodeled)
• Comp 2: 1626 SW 9th St, Miami, FL 33135 Duplex (3/2 & 2/1) 2119 SQFT 1965 Build PENDING @ $749,000 (16 days on the market) (One side rented for $1300) (Completely dated/smaller unit)
• Comp 3: 1012 SW 13th Ave, Miami, FL 33135 Duplex (2 2/1's) 1732 SQFT 1938 Build SOLD @ $770,000 06/27/23 (Rented for a total of $3900/mo) (Over 400sqft smaller, Investor Purchase, and sold completely dated)
• Comp 4: 1380-1382 SW 11th St, Miami, FL 33135 Duplex (2/2 & 2/1) 2226 SQFT 1953 Build SOLD @ $864,000 06/30/23 (27 Days on the market) (Rented for a total of $6250) (Updated, investor purchase)
• Comp 5: 1224 SW 13th Ave, Miami, FL 33135 Duplex (2 2/1s) 2150 SQFT 1939 Build PENDING @ $999,000 (35 days on the market) (Rented for a total of $4025) (Clean/similar size)
• Comp 6: 1242 SW 13th Ave, Miami, FL 33135 Duplex (3/2 & 1/1) 2150 SQFT 1939 Build Sold @ $950,000 03/14/2023 (Similar size/updated)
• Important Details: -->Buyer agrees to assume current month-to-month tenants with a combined rent of $3,200. -->Land Use: Multi Family 10 Units Less -->Estimated combined rent $7000.