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Updated almost 2 years ago on . Most recent reply

User Stats

7
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Johan Garcia
2
Votes |
7
Posts

Selling Off-market SFH Investment Property Suited For Experienced Investors

Johan Garcia
Posted

A family member who owned an investment SFH in the Miami, FL area (in Hialeah) recently passed away. We are the heirs to the SFH property and are looking to sell it to an EXPERIENCED investor here at BP. Why experienced investor? because we want a quick close via cash deal or someone with hard-money loan (2-3 weeks top for closing). This sale will occur at the estate level. I will vet any interested investor to make sure they are experienced and will close quickly. This property is not listed on the MLS or Zillow or any other listing platform. I will not share the exact address but it is located near - 32ND Avenue NW 100 ST. 

The SFH is currently an investment property that has two homes within the lot (largest lot in neighborhood). It currently has five tenants with private subdivided units, all the units/efficiencies have their own AC,  private entrances, and parking. 

The market value of the property based on the building area, lot size, and recent comparable sales is $465k. Since I'm targeting experienced investors and demanding a quick close we're willing to sell it for $370k.

The ideal buyer is someone who would like to continue to rent the property and units "as is". There should be zero rehab or renovation costs. The market rent in the area for an efficiency/studio unit is $1,200-$1400, so you can collect revenues of $6,000+/month (5-units). 

We will not pay commission to any buy-side or sell-side real estate agents so if you are a real estate agent, do not contact me.

Any serious experienced investor willing to close quick, please feel free to mssg me.

Offering

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