New Duplex West of Miami Shores, $159k, 10 Cap
Price: $159,000 CASH or Hard Money ONLY, 0 inspection days, must be done before contract.
Est. Rehab: $10-$20k
ARV: $200k
Cap Rate Potential: 10%+
Est. MKT. Rent: $2000/month
Current Rent: $1000/month
Layout: (1056 sqft, 8495 sqft lot)
Fantastic off-market CBS Duplex sitting on a large corner lot in the heart of Miami, just west of Miami Shores
Two 1/1 units rented under market with month to month tenants. Market rent is $900-$1,000 yielding over 10% cap rate.
Separate FPL and Water. The FPL meters and electricity were just recently upgraded!
Sold Comps:
801 NW 105th St - Sold $190K
1090 NW 112th St - Sold $223K
Active:
1167 NW 112th St - $215K
Offering