New Off-Market SFH In Miami 14% Cap

[Gregory Avalone]

7675 NW 16 Ave Miami 33147 – Single Family (Frame)

Price: $92,000 CASH or Hard Money ONLY

Est. Rehab: <$5k

ARV: $130k+

Cap Rate Potential: 14%

Est. MKT. Rent $1500/month

Layout: 3/1 (684 sqft, 4050 sqft lot )

Cap Rate King!
This prime single family Miami home has excellent income potential. Tax roll shows 2/1 but living room was converted to make a 3/2. (no permits, but all original size no additions)
Can rent for $1,500/mo. or rent by the bedroom for $1800/mo ($600 each)

Ths is a quiet street with a beautiful coconut tree in the backyard.

Title is clean and clear!

Comps:
2448 NW 81st Ter - 2/1 858 sqft REO sold $90k
8025 NW 13th Ave - 2/1 802 sqft Sold $79K (tear down)
Pending:
7511 NW 14th Ave - 2/1 632 sqft PS at $140K