Investorlift

33139, FL

33139, FL

33139, FL

$194,900 · MIAMI BEACH, FL 33139
Works for flippers · Landlords would lose money

Available

$194,900Asking price

1 bd · 1 ba · 357 sq ft · built 1925

MIAMI BEACH, FL 33139

No contract on file

via InvestorLift Classic

3 views · listed Oct 8

Works for flippers

Landlords would lose money

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $320,000
Asking price: −$194,900
RepairsMiddle of our estimate, $4,500 – $9,000: −$6,750
Loan, holding, closing20% down, 12% interest, 2 points, 63 days: −$21,795
Profit30.2% of ARV · flippers want 10%+: $96,555
Works

Works for a flipper up to $255,000.

BIG TIM'S PROPERTIES

Jelaica

No reviews yet

Comps

Sales

Rents

ARV $320,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

BIG TIM'S PROPERTIES

Jelaica

No reviews yet

Seller Description

Property Details

Studio
357 Sq Ft Living Area
Built in 1925
HOA: $400/month
Located on Ocean Drive
Directly across from the beach
Vacant at closing

Property Features & Highlights

Prime Miami Beach location on Ocean Drive
Directly across from the ocean
Easy access to the beach, restaurants, shopping, and nightlife
Short-term rentals allowed, subject to applicable building rules and local regulations
Ideal location for vacation rental guests seeking the South Beach experience

Investment Highlights

Great Buy-and-Hold Opportunity
Potential vacation rental income
Highly desirable Miami Beach location
Short walk to the beach and nearby attractions
Vacant at closing, allowing the buyer to prepare the unit for its intended use

Purchase Terms

As-Is Sale
Cash or Hard Money
Buyer to verify short-term rental requirements, condominium rules, licensing, and applicable local regulations before closing
Buyer to confirm all closing costs and any applicable association assessments

For inquiries, contact: 623-498-2126

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Figures from the seller unless a line says otherwise. Verify before you close.

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ARV $320,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $241,000.

The sales behind this value are shown to members.

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