Updated almost 8 years ago on .
New Off Market Duplex, West of Buena Vista Miami, 11% cap
Price: $192,000 CASH or Hard Money ONLY
Est. Rehab: $30k
ARV: <$300k
Cap Rate Potential: 11%+
Est. MKT. Rent $3000/month
Current Rent $1500/month
Layout: 2/1 & 2/1 (1628 sqft, 7200 sqft lot )
Legal Duplex on large lot in prime Buena Vista West location, just minutes from the design district and Wynwood! Front structure is a 2/1 (frame) fully renovated being rented for $1,500 on a lease & back structure (CBS) is also a 2/1 which needs to be finished and will give you about $3,000 total monthly rent.
After repairs this property can be flipped for $275k - $285k, or be held for an 11% Cap Rate!!
Comps:
3/2 & 2/1 - 5101 NW 8th Ave - $280,000
2/1 & 2/1 - 1087 NW 51st St - $271,600
Offering