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1941 NW 51ST ST Miami, FL 33142
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Key Details
Sold Price $395,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,320 sqft
Price per Sqft $299
Subdivision Floral Pk
MLS Listing ID T3450310
Bedrooms 3
Full Baths 1
Year Built 1949
Annual Tax Amount $995
Lot Size 10,890 Sqft
Property Sub-Type Single Family Residence
New Construction false
Property Description
Red hot investor special in the booming corner of Brownsville! Talk about location. This light fixer upper is a rare find to come on market. Due to the owner's surprise job relocation, they're quite motivated and asking only 78% of ARV, but will entertain all offers.
Pros: Roof 9 years old, AC 2.5 years, WH 9 years. Double lot, with fully fenced/gated yard. Easy to convert to 4 bed, 2 baths.
Cons: Needs kitchen update and significant interior cosmetic rehab.
Investor notes:
Flip potential: $470k ARV, with estimated $20k-40k in rehab.
LTR estimate: $3,100 /mo, with NO nearby competition. STR estimate: $47k yrly gross, at 229 /night and 56% occupancy.
Feel free to soft pitch offers to listing agent. No HOA/CDD. Full 2.5% cooperation with non-MLS agents. Just reach out to listing agent below for disclosures and MLS info sheet. Video walkthrough also available.
Location
State FL
County Dade
Community Floral Pk
Area 33142 - Miami
Zoning 0100
Interior
Heating Central
Cooling Central Air
Flooring Tile
Exterior
Exterior Feature Lighting
Utilities Available BB/HS Internet Available, Cable Connected, Electricity Connected, Phone Available, Public, Sewer Connected, Water Connected
Roof Type Shingle
Building
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Concrete
New Construction false
Others
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition None
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