Updated almost 8 years ago on .
New Off Market 18 Cap Single Family Rental In Liberty City, Miami
Price: $92,000 CASH ONLY
Est. Rehab: $5,000
Est. MKT. Rent $1300+/month
Current Cap: 19%
Current Rent $1840/month
Layout: 2/1 (684 sqft, 4050 sqft lot)
Cap Rate King! This SFR is in prime Liberty City and is bringing in $1840/m for close to a 19% cap rate!!
Originally was a 2/1 but living room was converted to a 3/2. (no permits, but all original size no additions)
Currently rented out by the room for max income, but can also rent to a single family.
Property is maintained by hands-on owner. Exterior facade is currently being re-stuccoed and re-painted, with some fascia boards being replaced. This is a quiet street is northern corner of Liberty City with a beautiful coconut tree in the backyard.
Tenants are mo/mo and property can be delivered vacant.
Comps:
2448 NW 81st Ter - 2/1 858 sqft REO sold $90k
8025 NW 13th Ave - 2/1 802 sqft Sold $79K (tear down)
Active:
2271 NW 66th St - 3/1 810 sqft asking $125K (tear down)
1838 NW 82nd St - 3/2 810 sqft asking $124K