Hard to find handyman special that's still move in ready, in the quietest corner of Miami Gardens! Near some of the best schools in town. The landlord's early retirement offers you a rare chance to snatch up this very light fixer upper for less than market value.
Whether as your new forever home, a quick flip or a ready to rent addition to your portfolio, this gem is priced to move fast. Owner is motivated and will consider all offers.
Pros: 1) Roof only 9 years old. 2) AC & WH 5 years old. 3) Rental since 2015 with 0 days vacancy, and complete service records available. 4) Open floorplan boasting tile flooring throughout all common areas, ample cabinet space and tile backsplash. 5) Fenced in corner lot, with huge screened back porch. 6) Seller willing to pay buydown points to lower buyer's financing costs.
Cons: Needs light cosmetic rehab. Some worn carpet in bedrooms, clean up and minor drywall/painting repair.
Investor notes:
Flip potential: $647k ARV. Estimated 10-20k in work and less than 3 weeks to complete. Neighborhood market temperature: Hot, average 21 days on market and 97.5% list to sales price.
LTR rental estimate: 35,000 yearly gross rent, 9k in yearly expenses. STR estimate: $84,000 /yr, at 434 night and only 53% occupancy.
No HOA. Tenant just moved out. Feel free to soft pitch offers to listing agent before writing anything up. No assignable contracts accepted. Seller financing possible with a large downpayment. FULL 2.5% COOPERATION WITH ALL AGENTS IF THIS IS “NOT ON MY MLS.” Please just reach out to listing agent below for disclosures and MLS info sheet.