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Updated almost 8 years ago on .

User Stats

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

Off Market Duplex In Little Haiti Great Flip or Rental

Gregory Avalone
  • Rental Property Investor
  • Miami, FL
Posted

Price: $142,000 CASH or Hard Money ONLY

Est. Rehab: $60k

ARV: $250k+

Cap Rate Potential: 10%+

Est. MKT. Rent $2300/month

Layout: 3 bd, 2 ba (1488 sqft, 6250 sqft lot )

Pre Foreclosure legal duplex located in Little Haiti. The property is CBS construction, 1,488 sq ft, features a 2/1 + 1/1 units and sits on a 6,250 sq ft lot zoned T3-O. The property is vacant and ready for a complete rehab. Excellent opportunity to gross $27,000+/yr in rental income in a fast developing Little Haiti neighborhood.

COMPS (active listings)
6811 NW 4th Ct $230k
133 NW 69th St $299k
122 NW 64th St $299k
6810 NW 2nd Ave $299k (pending)

70 NW 69th St $260k (pending)

Offering