1941 NW 51st St., Miami, FL 33142

1941 NW 51st St., Miami, FL 33142
Photo 1 of 1
$395,000
Sold on 7/07/23
Beds Baths Sq. Ft. Taxes Built
3 1.00 1,320 $996 1949
On the market: 34 days
View full details, 15 photos, school info, and price history
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.
Listing courtesy of Richard Peters, FLORIDA CAPITAL REALTY