New Flip Opportunity In North Miami, Off Route 1

[Gregory Avalone]

Price: $110,000 CASH or Hard Money ONLY

Est. Rehab: $25k-50k

ARV: $200k-260k

Est. MKT. Rent $1800/month

Layout: 3bd, 2 ba (1267 sqft, 5,000 sqft lot )

Amazing Flip Opportunity in Prime North Miami, just a Block away from Biscayne Blvd.

House needs to be rehabbed. Excellent solid CBS structure is a flip or rental opportunity. Roof has no leaks except for tree from hurricane Irma damaged the back bedroom. Kitchen and bathrooms need to be re done.
There is an enclosed porch in the back of the house which needs to be removed. Large Florida room off the kitchen can be easily enclosed to give you an extra den/ living room. 3rd bedroom was converted to an efficiency but can easily be converted back by adding drywall and removing a piece of plywood.

There is unsafe structure for back porch that’s needs to be removed as well as a hole from a tree falling during the hurricane.

Full report is available… city just inspected property few weeks ago.

Closed Sales Comps:
1100 NE 110 Terrace 3/2 $382k Renovated w/ Pool
1361 NE 114 Terrace 3/2 $250k Renovated (Full Price)
10861 NE 11TH St 3/2 $265k Renovated
1351 NE 114 Terrace 3/2 $250k Renovated