Cash Deal in Miami, FL 33142

$885,000

Beds

Baths

2,685

Sq ft

1936

Year built

$65K spread

About this property

Property Details

Address: 2511 NW 24th St, Miami, FL 33142
Bed/Bath: Bed / 4 Bath
Square Footage: 2,685 sqft
Year Built: 1936
HOA Restrictions: HOA Finalizing Restrictions
Multi-Unit: 5+ unit

Features + Amenities

Furnished: No
Pool: No
Tenant Occupied: N/A
Monthly Rent: N/A
Est. Repairs: N/A

Financing Details

Purchase Price: $885,000
Est. ARV: $950,000
PP Percent of ARV: $950,000%

Monthly Payments

HOA: $200.00
Total Monthly: $200.00

Exit Scenarios

Est. Average LTR: $2,521
Est. Average STR: $13,000

Additional Details

Description: 6 units operating legally as a duplex - 3 water meters & 3 electrical meters. Fully tenant occupied with 12-month leases

Unit Mix

2 Efficiencies
1 Bed / 1 Bath
Two 2 Bed / 1 Bath
Main House: 3 Bed / 1 Bath
Current Income: $10,500/mo
Full Income Potential: $13,000/mo
Semi-remodeled
Walkthrough scheduled after deposit

Property snapshot

Layout5 Bed / 4 Bath

Living area2,685 sq ft

Year built1936

Property typeMulti-Family

CountyMiami-Dade County

Deal details

Asking price$885,000

ARV estimate$950,000

Spread (ARV − asking)$65,000

Brought to you by

Ms. Meriam Aberri

Miami Off-Market Deals

+1 (305) 762-9521 office.royal.investments@gmail.com1 Alhambra Plaza, Penthouse Floor, Coral Gables, FL 33134

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The numbers

Asking

$885K

ARV est.

$950K

Spread

$65K

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