Updated almost 8 years ago on .
Off-Market Fourplex in Little Haiti, Miami Minimal Rehab
Price: $310,000 CASH or Hard Money ONLY
Est. Rehab: $1k-$10k
ARV: $350k
Cap Rate Potential: 12%
Est. MKT. Rent $4400/month
Current Rent $2000/month
Layout: (2342 sqft, 6960 sqft lot )
Great property consisting of 4 1/1's!! It’s in pretty decent shape. Each unit is rented for $500 per unit. These can easily be raised to $1100 per door!
if your buyer purchases the property for 310,000.00 and gets these units up to $1100 a month, they will be netting a 12% CAP or $36,960.00 per year!!
Comps:
5510 NW Miami Place MIAMI, FL 33127 CS 319k 3-1/1's & 1 - 2/1.
46 NW 53 St MIAMI, FL 33127 CS 379k 3- 2/1's.
Contact for details- 305-900-7391
Offering