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Archived almost 2 years ago

$950,000

5+ bd 4+ ba 2300 sqft

1931 Coral Gate Dr, Miami, FL 33145

Residential SFR Occupied Needs Repairs Off MLS

Current Rent **

$6,997

Projected Rent **

$9,500

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Estimated Rent †

Pro Only

Estimated Rent Confidence ‡

Low

Great potential to transform this well priced property into your loving home OR keep as an income producing property

Calling all visionary buyers: if you have an eye for improving aesthetics, this will be your magical space you will turn into a magnificent home in one of Miami's best locations, including proximity to dining, shopping & entertainment; voluntary association; gated perimeter; sidewalks; trees. Around four years ago, the seller paid to address big ticket items: roof; electric; plumbing; etc. This 1949 home has 2 efficiencies; one space consisting of 1 bath & 2 beds; and another 3 beds & 2 baths. Original charm & functionality include: hardwood floors; crawl space; enclosed porch with washer & dryer; avocado & mango trees; and, couple storage sheds.

Virtual tour: https://listing.accutour.com/ut/1931_CORAL_GATE_DR.html

Location:

1931 Coral Gate Dr, Miami, FL 33145

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.