All Forum Posts by: Gregory Avalone

Price: $299,000 CASH ONLY

Est. Rehab: $5000

Current Cap: 10%

Current Rent $3490/month

Layout: (1812 sqft, 10,000 sqft lot )

Off Market legal fourplex available in West Little River. The property is CBS construction, has 4 separate meters, and sits on a large 10,000 sq ft corner lot. The units consist of four 1/1's. Current rental income is $3,490/mo.

Unit 1 - $869/mo section 8 lease ends 4/30/18
Unit 2 - $950/mo lease ends 3/31/18
Unit 3 - $821/mo section 8 lease ends 2/28/18
Unit 4 - $850/mo lease ended 10/31/17, currently vacant

$3,490/mo current monthly income

COMPS
912 NW 55th Ter Fourplex $343k closed sale
7535 NW 4th Ct Fourplex $323k closed sale
9890 NW 21st Ave Fourplex $510k active listing

Contact for details. 305-900-7391

Homestead Florida 5.16 Acres Zoned RU-2 -Zipcode 33033 (Will need NDA signed before address disclosure)

Lot Size: 225,0000 sq.ft.

Price: $1.7 Million

Amazing development site near South Dixie Highway in fantastic Homestead location. 5+ Acres with RU-2 zoning, you can build 62 units.

This area is experiencing tremendous growth. The property is blocks away from Homestead Hospital, Homestead Air Reserve Base and new 48 acre development for Larkin University Medical Campus set to break ground for the College of Pharmacy in Phase 1, followed by the School of Nursing, College of Biomedical Sciences, College of Osteopathic Medicine and School of Dentistry. This medical campus will also have student housing, a fitness center, and 100k square feet of medical/professional office space.

Please see sold comps below (residential RU-1, our property has a better zoning RU-2).

Comp #1 30261 SW 157 AVE - $ 1,029,000.00 147,460 - RU-1 $ 7.00/sq ft
Comp #2 15940 SW 306 TER - $ 1,235,000.00 93,568 - RU-1MB $ 13.20/ sq ft
Comp #3 30221 SW 157 AVE - $ 850,000.00 102,132 - RU-1 $ 8.32/ sq ft

Highlights:
• 5+ Acres of land ideal for development
• Allowable density of 62 two story units (based on 7,500 sq ft per lot)
• Minutes away from approved future Larkin University Medical Campus
• Access to US-1, Dixie Highway and Turnpike

Address will not be given out, individual buyers must sign an NDA prior to receiving further information.

Contact me for details. 305-900-7391

Price: $ 175,000 CASH ONLY

Est. Rehab: $5k-$25k

ARV: $230k-250k

Cap Rate Potential: 10%

Est. MKT. Rent $2000/month

Current Rent $1450/month

Layout: 1/1 + 1/1 (1385 sqft, 5560 sqft lot )

1/1 + 1/1 CBS duplex, Prime location- one block west of Buena Vista - perfect for an investor. Property is in solid condition, but could benefit from light cosmetic upgrades; The roof was replaced 5 years ago. Market rents for a 1/1 are around $900 - $1,100 a month, giving a 10+% cap rate. Will be vacant at closing.

Sold Comps
- 5529 NW 7 Ct – CS - $252,000 – 1,586 sqft – Renovated
- 1210 NW 51 Ter – CS - $303,000 – 1,500 sqft - Renovated
- 5620 NW 12 Ave – CS - $185,000 – 1,539 sqft – Needs Work

Contact for additional details, this will sell fast. 305-900-7391.

Price: $295,000 CASH ONLY

Est. Rehab: $0

Layout: Sale is for 3 Condos. Built in 1991.

Off Market deal for 3- Unit Condo package in Prime Allapatah in the WOW District, just west of central Wynwood.
Amazing location walking distance to Wynwood Walls, Zack the Baker and all the hot spots!

Better than a Triplex, this package is turn key with central AC and no improvements required! 1/1, 1/1, and 3/2!!! Best deal for 3 units in this area with potential to make a 10% Cap Rate with conservative market rents.

Description:
Unit 1: 1/1
Unit 2: 1/1
Unit 7: 3/2

Current Rent:
UNIT 1: $650 / month
UNIT 2: $650 / month
UNIT 7: $1,175 / month
TOTAL: $2,475 per month ($29,700 per Yr)

Potential Rent:
UNIT 1: $1,000- $1,100/ month
UNIT 2: $1,000- $1,100/ month
UNIT 7: $1,600- $1,700/ month
TOTAL: $3,600 - $3,900/ month ($43k- $46k/ Yr)

HOA: (Covers insurance, trash, maintenance..)
UNIT 1: $190 / month
UNIT 2: $190 / month
UNIT 7: $384 / month
TOTAL: $764 per month ($9,168 per Yr)

2016 Taxes:
UNIT 1: $630.36
UNIT 2: $630.36
UNIT 7: $852.36
TOTAL: $2,113.08 per Yr

Price: $92,000 CASH ONLY

Est. Rehab: $5,000

Est. MKT. Rent $1300+/month

Current Cap: 19%

Current Rent $1840/month

Layout: 2/1 (684 sqft, 4050 sqft lot)

Cap Rate King! This SFR is in prime Liberty City and is bringing in $1840/m for close to a 19% cap rate!!
Originally was a 2/1 but living room was converted to a 3/2. (no permits, but all original size no additions)
Currently rented out by the room for max income, but can also rent to a single family.

Property is maintained by hands-on owner. Exterior facade is currently being re-stuccoed and re-painted, with some fascia boards being replaced. This is a quiet street is northern corner of Liberty City with a beautiful coconut tree in the backyard.

Tenants are mo/mo and property can be delivered vacant.

Comps:
2448 NW 81st Ter - 2/1 858 sqft REO sold $90k
8025 NW 13th Ave - 2/1 802 sqft Sold $79K (tear down)
Active:
2271 NW 66th St - 3/1 810 sqft asking $125K (tear down)
1838 NW 82nd St - 3/2 810 sqft asking $124K

Price: $160,000 CASH ONLY

Est. Rehab: $10k-20k

ARV: $220k-250k

Cap Rate Potential: 13%+

Est. MKT. Rent $2,600/month

Current Rent $800/month

Layout: 3/1 + 3/1 (1300 sqft, 10,010 sqft lot)

Fantastic duplex located in Goulds neighborhood, just south of Cutler Bay and East of Route 1. CBS, off market property with two big 3/1's which will rent for $1,300 - $1,400 each, giving you a 13-14% cap rate even after improvements. Property is in good shape but could use some updating. The area is excellent, there are tons of new construction in the area and a new Plaza. Just give this property a little TLC to make it as nice as the rest of the neighborhood. Very close to Southland Mall and all major highways. High demand rental area for investors.

SOLD COMPS
22221 SW 116th Ave. - $220,000 1/5/17
11420 SW 213th St. - $240,000 10/26/17

Rent Comps
22025 SW 114th Ct- 3bed/1ba -$1,400
11570 SW 215th St- 3bed/1ba -$1,575

Contact For Details - 305-900-7391

Price: $ 140,000 CASH ONLY

Est. Rehab: $5000

ARV: $165k

Cap Rate Potential: 10%+

Est. MKT. Rent $1600/month

Current Rent $1000/month

Layout: 1/1 + 1/1 (522 sqft, lot 4058 sqft)

Excellent duplex right down the block from the new Citadel Food Hall development in prime Litte River off of NE 2nd Ave. Legal duplex, two electric meters and one water meter.

2 charming studios currently rented under market value, market rent is $750-$850 which gives you a 10%+ cap rate! Property is not CBS but the entire exterior was recently resurfaced with concrete.

T5-O zoning with vacant lot next door owned by the city.


Find links of the fantastic Citadel development below: https://therealdeal.com/miami/2017/04/12/the-citadel-food-hall-in-little-haiti-ramps-up-for-2017-opening-announces-new-tenants/https://miami.curbed.com/2017/4/12/15204950/miami-the-citadel-little-haiti

Price: $279,000 CASH ONLY

Est. Rehab: $1-$5k

Cap Rate Potential: 9%+

Est. MKT. Rent $3000/month

Current Cap: 6%

Current Rent $2,000/month

Layout: 2/1 + 2/1 (1638 sqft, 7100 sqft lot)

-Fantastic OFF MARKET DUPLEX opportunity in excellent Allapattah.
-Large fully gated CBS property in excellent condition
-Features a 2/1 on each side with very large rooms and 7,100 sq.ft. lot.
-Currently rented under market to family members who will vacate before closing. Market rent is +/- $1,500 per side for $3,000/mo income.
-Property in great shape, just needs paint.
-1 unit features new kitchen with stainless steel appliances, roof in excellent condition 5 years old, and central AC in both units.

Comps.
-2030 NW 27th Street / $317K / 4BNR-2BA

-3157 NW 27th Street /300K /5BR/3BA (smaller lot)

Looking to connect with some large commercial investors in Miami-Dade and Broward County. Are there any large investors out there that are seeking $1-7 Million commercial deals? Properties ranging from apartments, shopping plazas, warehouses? Appreciate any referrals or suggestions. 

-Greg Avalone 

Price: $205,000 CASH ONLY

Est. Rehab: <$5000

ARV: $225k-$250k

Cap Rate Potential: 10%

Est. MKT. Rent $2500/month

Current Cap: 8%

Current Rent $2100/month

Layout: (1328 sqft, Lot 8920 sqft)

Off Market duplex now available in Brownsville. The property is CBS construction, has separate meters, central air in the 3/2, recently updated, and sits on a large 8,920 sq ft lot zoned T3-O. Easy income play located just blocks away from Little Haiti.

COMPS (closed sales)
791 NW 55th Ter $269,000
5529 NW 7th Ct $252,000
5101 NW 8th Ave $280,000

COMPS (active listings)
812 NW 55th Ter $274,999
1152 NW 58th Ter $265,000
1087 NW 51st St $290,000 (pending)

Contact for details. 305-900-7391.