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Updated about 8 years ago on . Most recent reply

User Stats

105
Posts
9
Votes
Gregory Avalone
  • Rental Property Investor
  • Miami, FL
9
Votes |
105
Posts

Off Market CBS Duplex in Brownsville, Miami 8% Cap +

Gregory Avalone
  • Rental Property Investor
  • Miami, FL
Posted

Price: $205,000 CASH ONLY

Est. Rehab: <$5000

ARV: $225k-$250k

Cap Rate Potential: 10%

Est. MKT. Rent $2500/month

Current Cap: 8%

Current Rent $2100/month

Layout: (1328 sqft, Lot 8920 sqft)

Off Market duplex now available in Brownsville. The property is CBS construction, has separate meters, central air in the 3/2, recently updated, and sits on a large 8,920 sq ft lot zoned T3-O. Easy income play located just blocks away from Little Haiti.

COMPS (closed sales)
791 NW 55th Ter $269,000
5529 NW 7th Ct $252,000
5101 NW 8th Ave $280,000

COMPS (active listings)
812 NW 55th Ter $274,999
1152 NW 58th Ter $265,000
1087 NW 51st St $290,000 (pending)

Contact for details. 305-900-7391.

Offering

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