Skip to content
Classifieds

User Stats

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

New Off Market Duplex, West of Buena Vista Miami, 11% cap

Gregory Avalone
  • Rental Property Investor
  • Miami, FL
Posted Jan 18 2018, 13:24

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