220 NW 24th Ave, Miami, FL 33125 Pending

  • $515,000
  • 4 beds
  • 2 baths
Pending
,mn

This is a very easy rehab requiring basic cosmetics. The original structure was built in 1938 and was originally a 2/1 CBS structure. In 1992, the Seller obtained permits to construct a 2-story, CBS 4/2 w/ a garage. The current set up is a 4/2 main house and an ATTACHED 2/1 in-law suite w/ a kitchen. This can be a great AirBNB Rental that can house 10 occupants and enough parking for 4 cars: Air DNA gives the average daily rate $1000.00/day @ 56% Yearly Occupancy. For a flip or rental, apply fresh paint, replace the floors, remodel the kitchens, and deep clean. On the exterior, repaint, pressure wash concrete surfaces, reseal driveway area, and do minor landscaping.

Features: Incredible investment for sale in Miami! This massive home is a SOLID Dual threat opportunity that can be flipped or rented on AirBNB. The property features over 3000 sq ft in legal building square feet, a 4/2 main house and a 2/1 attached in law suite, with incredible curb appeal, a newer roof, and tons of parking! Centrally located nearby to Miami International Airport, Marlins Stadium, and Downtown Miami!

Important Details: On lease until December 2022 @ $2850.00/mo – This is the largest home within .5 mile

Ideal Investment Strategy: Resale

Potential ARV: $680,000/$700,000

Estimated Rehab: $40,000/$50,000

Comparable Rent: $3,500

CBS

Comparables Sales
Address Lot Size (sq. ft.) Living Area (sq. ft.) Beds Baths Sales Date Sold Price
220 NW 24TH AVE 7,150 2,813 2 2 – –
1. 201 NW 25TH AVE 7,150 1,792 4 2 4/13/2022 $490,000
2. 2272 NW 4TH ST 6,000 1,760 2 1 10/5/2021 $520,000
3. 2312 NW 3RD ST 5,000 1,346 3 1 12/2/2021 $447,000
4. 170 NW 27TH CT 6,375 2,710 4 2 6/29/2021 $500,000
5. 326 NW 23RD AVE 3,700 988 3 1 3/4/2022 $275,000
6. 2322 SW 5TH ST 5,250 2,366 4 3 3/4/2022 $200,000
7. 2011 NW 3RD ST 6,780 1,140 2 1 4/20/2022 $415,000
8. 2731 NW 5TH ST 3,577 1,400 2 2 12/27/2021 $420,000
9. 3025 NW 4TH ST 7,221 1,734 2 1 3/28/2022 $649,000
10. 66 NW 27TH CT 4,250 1,227 2 1 3/7/2022 $420,000

Price:
$515,000
Address:
220 NW 24th Ave
Miami, FL 33125
Bedrooms:
4
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Home
Const. Type:
CBS

Call (954) 998-3366 for more details

Property Location