All Forum Posts by: Gregory Avalone

Price: $285,000 CASH or Hard Money ONLY

Est. Rehab: $0

ARV: $350,000+

Cap Rate Potential: 11%

Est. MKT. Rent $3400/month

Current Cap: 10%

Current Rent $3275/month

Layout: (1753 sqft, 8560 sqft lot )

Fantastic Off-Market CBS 4-plex in Prime Central Miami Location

Property already rented collecting $3,275 giving you an 11% cap rate in place with potential to increase.
Fully legal 4-Plex with security deposit for each tenant.
Buy today and start collecting rent immediately.
Property has a newer roof and individual separate FPL meters. No 40 year required. No work needed.

Contact for details. This will not last long. 305-900-7391

Location: 

Price: $660,000 CASH or Hard Money ONLY

Est. Rehab: $0

Cap Rate Potential: 11% (after upstairs is rented $6300)

Est Rent potential: $6300/month

Current Cap: 9%

Current Rent $5100/month (has yearly rent increase of 4%)

Layout: (2520 sqft, 10,500 sqft lot )

Off Market commercial property with hands-free income producing tenant in place. Currently Rented by an Auto Dealer. Property is a totally renovated 2-story 2,520 sqft CBS building on a securely gated 10,500 sqft lot.

Current tenant is an auto dealer paying $5100/mo, with 4% annual rent increases, giving a passive, maintenance free 9% cap rate in place. Owner is responsible for taxes and insurance. Tenant pays all utilities and maintenance on property.

2nd floor of building is vacant office space and can be rented out for additional income. It is renovated with new kitchen and new central AC. Has two separate meters. One for upstairs and one for downstairs.

This property is located on a hard corner directly on NW 7th Ave, a few blocks south of the newly approved Chinatown. An absolute must buy!

Location: Nw 47th St Miami, 331270

Price: $599,000 CASH or Hard Money ONLY

Est. Rehab: $10,000

Cap Rate Potential: 10%

Est. MKT. Rent $8000/month

Current Rent $5400/month

Layout: (4614 sqft, 5000 sqft lot )

Fantastic CBS 8-Unit Building Plus 2 illegal Units in prime Northern Allapattah location, just a couple blocks from of Buena Vista

Unit mix. 4 - converted shotgun style 2 bedrooms units + 4 regular 1 bedroom units.

Building has 9 meters ( 8 units + 1 common area) Tax roll reads 7 units but it has 8 apartments. There are 2 additional studio apartments in the rear which are not legal for a total of 10.

There are 4…2/1 all paying $700 monthly

There are 4…1/1 currently 2 are occupied paying $600

2 Extra illegal…Currently one is occupied paying $600

This means 6/8 Units are occupied and ½ of Illegal units are occupied = 7/10

40 Year Certification is needed

Long time original owner with month to month tenants, way below market rent. Market rent is $8,000/ month giving you an amazing 11% cap rate!.

Contact for details 305-900-7391

Price: $235,000 CASH or Hard Money ONLY

Est. Rehab: $50k+

ARV: $350k+

Cap Rate Potential: 10%+

Est. MKT. Rent $3600/month

Current Rent : VACANT

Layout: 3/2 + 2/1 (1998 sqft, 7344 sqft lot)

CBS! Fantastic opportunity to obtain 2 houses OFF-MARKET on one large lot in El Portal/Miami Shores West, east of I-95!!!

Back house is a 3/2 and front house is a 2/1 with plenty of space to create a 3rd bedroom. Perfect for those who love to renovate as it needs to be redone as there was fire damage.

Back roof is fine but front needs to be replaced.

Property has approved permits from Miami-Dade for the renovation as well as architectural renderings.

$3600 potential monthly rental income giving you a 10-11% Cap Rate after renovations.

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

Call or text for details: 305-900-7391

Location: NW 47th St, Miami, 33127

Price: $599,000 CASH or Hard Money ONLY

Est. Rehab: $10,000

Cap Rate Potential: 10%+

Est. MKT. Rent $8000/month

Current Rent $5400/month

Layout: (4614 sqft, 5000 sqft lot )

Fantastic CBS 8-Unit Buildings in prime Northern Allapattah location, just a couple blocks from of Buena Vista

Unit mix. 4 - converted shotgun style 2 bedrooms units + 4 regular 1 bedroom units.

Building has 9 meters ( 8 units + 1 common area) Tax roll reads 7 units but it has 8 apartments. There are 2 additional studio apartments in the rear which are not legal for a total of 10.

There are 4…2/1 all paying $700 monthly

There are 4…1/1 currently 2 are occupied paying $600

2 Extra illegal…Currently one is occupied paying $600

This means 6/8 Units are occupied and ½ of Illegal units are occupied = 7/10

40 Year Certification is needed

Long time original owner with month to month tenants, way below market rent. Market rent is $8,000/ month giving you an amazing 11% cap rate!

Price: $310,000 CASH or Hard Money ONLY

Est. Rehab: $1k-$10k

ARV: $350k

Cap Rate Potential: 12%

Est. MKT. Rent $4400/month

Current Rent $2000/month

Layout: (2342 sqft, 6960 sqft lot )

Great property consisting of 4 1/1's!! It’s in pretty decent shape. Each unit is rented for $500 per unit. These can easily be raised to $1100 per door!

if your buyer purchases the property for 310,000.00 and gets these units up to $1100 a month, they will be netting a 12% CAP or $36,960.00 per year!!

Comps:

5510 NW Miami Place MIAMI, FL 33127 CS 319k 3-1/1's & 1 - 2/1.
46 NW 53 St MIAMI, FL 33127 CS 379k 3- 2/1's. 

Contact for details- 305-900-7391

Price: $ 199,000 CASH or Hard Money ONLY

Est. Rehab: $5-$15k

ARV: $250k+

Cap Rate Potential: 10%

Est. MKT. Rent $2700/month

Current Rent $1500/month

Layout: (1756 sqft, 4,700 sqft lot )

Prime Little Haiti corner-lot-duplex with spacious bedrooms. Each unit is a 2/1 with potential rental income of $1,300-$1,400/month. Property has two separate electric meters & one water meter. Currently rented below market ($800+$700/month). CBS property is in good condition and only needs basic updating. Each unit even has a bonus storage unit.
Amazing value add opportunity as units are rented below value, but tenants are on a month to month lease.

COMPS
11/17 - 6747 NW 5th CT - CS $210K
10/17 - 1 NW 60th ST - CS $232K
06/17 - 36 NE 64 TER - CS $300K
05/17 - 6335 NE Miami PL CS $290K

Price: $250,000 CASH ONLY

Est. Rehab: $5000

ARV: $295k-$315k

Cap Rate Potential: 10%+

Est. MKT. Rent $3500/month

Current Cap: 8%

Current Rent $2550/month

Layout: (2210 sqft, 5400 sqft lot )

Legal Duplex in Allappatah! Is currently being rented as a triplex to 3 tenants:
3/1: $1,200 per month (potential rent is $1,500 base rent)
1/1: $700 per month (potential rent is $1,000 base rent)
1/1: $650 per month (potential is $1,000 base rent)

2 electrical meters, 1 water meter. These are 3 ACTUAL units with full kitchens, bedrooms, respective bathrooms and living rooms.

REPAIRS: $1,500 - $3,000
Portion of fence needs to be fixed. Roof was done recently and in good shape.

Comps:
Duplex 2/1 & 2/1 - 2030 NW 27th St - $317,100
Duplex 3/2 & 3/2 - 2929 NW 22nd Ct - $310,000
Large Duplex 3/2 & 2/1 - 2368 NW 34th St - $365,000
Duplex 3/2 & 2/1 - 2321 NW 33rd St - $285,000

1 Bedroom Condo Style Rental Comps:
1/2 - 2647 NW 25th Ave Unit#306 - $1,250
1/1 2536 NW 24 ST Unit#4G - $1,160
1/1 - 2536 NW 24th St Unit#3C - $1,150

2 Bedroom Duplex Style Rental Comps:
2/2 -- 1753 NW 17 st Unit#2: $1,400
2/1 -- 1753 NW 17 ST Unit#3: $1,400
2/2 -- 1720 NW N River Dr Unit#202: $1,400

3 Bedroom Duplex Style Rental Comps:
3/2 - 2132 NW 26th St - $1,675
3/2 - 1353 NW 30th St - $1,625
3/2 - 1328 NW 25th St - $1,550

Contact for details, 305-900-7391

Price: $290000 CASH ONLY

Est. Rehab: <$5000

ARV: $350k-$375k

Cap Rate Potential: 11%

Est. MKT. Rent $4050/month

Current Cap: 10%

Current Rent $3650/month

Layout: (3000 sqft, 7505 sqft lot )

Off Market legal fourplex located in North Ft Lauderdale. The units consist of one 2/2 and three 1/1's. The property is CBS construction, has 4 separate meters, and central ac. The current rental income is $3,650/mo (11%+ cap rate).

Unit 1 - $850/mo lease ends 11/30/17
Unit 2 - $900/mo section 8 lease ends 3/31/18
Unit 3 - $800/mo lease ends 10/31/18
Unit 4 - $1,100/mo lease ends 8/31/18

Current income $3,650/mo

COMPS
4040 NW 30th Ter $373k closed sale
4260 NW 31st Ter $350k closed sale
4041 NW 30th Ter $399k pending
4011 NW 30th Ter $295k closed sale
4160 W NW 31 Ter $347k pending
4231 NW 31st Ave $434k active

Call or text for details 305-900-7391