MIAMI VALUE-ADD SFR | MAJOR SYSTEMS UPDATED | NO HOA | CONVERSION POTENTIAL

Address: 100 NE 171st Ter, Miami, FL 33162

Estimated After Repair Value: $525,000

Key Details

• Beds / Baths: 3 Bed / 1 Bath per legal configuration provided
• Current Configuration: 3 Bed / 2 Bath
• Living Area: 1,264 sqft
• Property Type: Single Family Residence
• HOA: None
• Furnished: No
• Pool: No
• Multi-Unit: No
• Major Systems Updated: 2023
• Property can be converted to a legal 3/1 or legal 3/2
• Zillow: Property Details

Pricing Details

• Original Purchase Price: $470,000
• Estimated ARV: $525,000
• Asking Price / ARV: $525,000%
• Gross ARV Spread: $70,000
• Roof: Updated 2023
• Electrical: Updated 2023
• Plumbing: Updated 2023
• A/C: Updated 2023
• Water Heater: Updated 2023
• Current Physical Configuration: 3 Bed / 2 Bath
• Legal Configuration Provided: 3 Bed / 1 Bath
• Opportunity centers around the bathrooms, permitting, and bringing the property into the desired legal configuration
• Property can be converted back to a legal 3/1 or brought into a legal 3/2 configuration

Rental Potential

• Estimated LTR: $3,011 / Month
• Estimated STR: $4,079 / Month

Investment Highlights

• Major Systems Updated in 2023
• Roof Updated
• Electrical Updated
• Plumbing Updated
• A/C Updated
• Water Heater Updated
• No HOA
• Existing 3/2 Physical Layout
• Permitting / Legal Configuration Opportunity
• Single Family Residence
• Rental and Resale Potential
• Mike Graham
• NexKey Collective