Massive cash cow in Allapattah—5 main units rentable as-is for $7,200/mo or flip/reconfigure to 4/3 SFH. Zoned T3 O multifamily. Main (1/1 + 3 studios + 2/1), rear detached structures need demolition (unsafe violation, no lien). Strong comps, appointment only.
1 Beds
1 Baths
1,504 Sqft
Built 1948
Multifamily
6,309 Sqft Lot
Asking
$359K
Wholesaler Price
ARV
$587K
Wholesaler Estimate
Spread
$228K
61¢ on the dollar
ARV Comparison
Wholesaler ARV
$587K
61¢ on the dollar
Rocket ARV
$117K
308¢ on the dollar
Overview
Big Tickets
Roof
Not verified Impact Windows
Not verified HVAC
Not verified Water Heater
Not verified
Not verified Impact Windows
Not verified HVAC
Not verified Water Heater
Not verified
Property Details
Public Records
1
Stories
6,309 SF
Lot Size
Concrete Block
Exterior
Other
Roof Type
5700:DUPLEXES,GENERAL
Zoning
CENTRAL ALLAPATTAH
Subdivision
Highlights
$228K spread
ARV $587K
$7,200/mo rent
Allapattah cash cow
Sales Comps
Rocket
Subject
Comp
Rental Income
Rocket
$3,320/mo
Market Rent Estimate
$2,810
$3,820
$39,840
Annual Rent
11.1%
Gross Yield
$2.21
Rent/Sqft
$3320
Per Bedroom
Tax & Assessment
Public Records
Assessed Value
$318,671
Annual Tax
$6,764
Tax Year
2024
Effective Tax Rate
2.12%
Sale History
Public Records
Last Sold: 1993-03-03T00:00:00.000Z
$40,000
+1368% appreciation ($547K) in 33 years
