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Key Details
Sold Price $400,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,240 sqft
Price per Sqft $178
Subdivision North Ridge 1St Addn
MLS Listing ID T3478700
Sold Date 12/29/23
Bedrooms 4
Full Baths 2
Half Baths 1
Construction Status No Contingency
HOA Y/N No
Originating Board Stellar MLS
Year Built 1954
Annual Tax Amount $7,137
Lot Size 7,840 Sqft
Acres 0.18
Property Description
Hard to find handyman special that’s still move in ready, in the quietest corner of Miami Gardens! Near some of the best schools in town. The landlord’s early retirement offers you a rare chance to snatch up this very light fixer upper for less than market value.
Whether as your new forever home, a quick flip or a ready to rent addition to your portfolio, this gem is priced to move fast. Owner is motivated and will consider all offers.
Pros: 1) Roof only 9 years old. 2) AC & WH 5 years old. 3) Rental since 2015 with 0 days vacancy, and complete service records available. 4) Open floorplan boasting tile flooring throughout all common areas, ample cabinet space and tile backsplash. 5) Fenced in corner lot, with huge screened back porch. 6) Seller willing to pay buydown points to lower buyer's financing costs.
Cons: Needs light cosmetic rehab. Some worn carpet in bedrooms, clean up and minor drywall/painting repair.
Investor notes:
Flip potential: $647k ARV. Estimated 10-20k in work and less than 3 weeks to complete. Neighborhood market temperature: Hot, average 21 days on market and 97.5% list to sales price.
LTR rental estimate: 35,000 yearly gross rent, 9k in yearly expenses. STR estimate: $84,000 /yr, at 434 night and only 53% occupancy.
No HOA. Tenant just moved out. Feel free to soft pitch offers to listing agent before writing anything up. No assignable contracts accepted. Seller financing possible with a large downpayment. FULL 2.5% COOPERATION WITH ALL AGENTS IF THIS IS “NOT ON MY MLS.” Please just reach out to listing agent below for disclosures and MLS info sheet.
Location
State FL
County Miami-dade
Community North Ridge 1St Addn
Zoning 0100/SING
Interior
Interior Features Ceiling Fans(s), Eat-in Kitchen, Open Floorplan
Heating Central
Cooling Central Air
Flooring Tile
Fireplace false
Appliance Dishwasher, Dryer, Electric Water Heater, Range, Refrigerator, Washer
Exterior
Exterior Feature Lighting
Fence Chain Link
Utilities Available BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
Roof Type Shingle
Porch Enclosed, Rear Porch
Garage false
Private Pool No
Building
Lot Description Corner Lot
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Septic Tank
Water Public
Structure Type Concrete,Stucco
New Construction false
Construction Status No Contingency
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition None
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© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with CHARLES RUTENBERG REALTY INC