Huge 5/3 Miami property in great Coral Way area with T3-O multifamily zoning (2-9 units). Currently rented and in decent livable shape, needs repairs. Multiple exit strategies. Post-occupancy 30 days with $10k escrow holdback.
5 Beds
3 Baths
2,646 Sqft
Built 1926
SFH
6,780 Sqft Lot
Asking
$810K
Wholesaler Price
ARV
$1M
Wholesaler Estimate
Spread
$215K
79¢ on the dollar
ARV Comparison
Wholesaler ARV
$1M
79¢ on the dollar
Rocket ARV
$1M
79¢ 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
2
Stories
6,780 SF
Lot Size
Concrete Block
Exterior
Other
Roof Type
5700:DUPLEXES,GENERAL
Zoning
SHENANDOAH
Subdivision
Highlights
Large 5/3 home
MF zoning (T3-O)
Currently rented
Coral Way location
Sales Comps
Rocket
Subject
Comp
No comps available
Rental Income
Rocket
$5,360/mo
Market Rent Estimate
$3,850
$6,860
$64,320
Annual Rent
7.9%
Gross Yield
$2.03
Rent/Sqft
$1072
Per Bedroom
Tax & Assessment
Public Records
Assessed Value
$512,696
Annual Tax
$9,634
Tax Year
2024
Effective Tax Rate
1.88%
Sale History
Public Records
Last Sold: 2020-09-28T00:00:00.000Z
$167,500
+512% appreciation ($858K) in 5 years
