621 SW 12 AVE Homestead FL 33030
ARV: $330,000 needs almost no work
5 bed (legal) 1 bath
1500+ SF living area, Year built: 1961, Lot: 5,450 sqft
Everyone always talking about their multiple exit strategies. Well this sweet little baby has more exits than a mall. There is a swell of value under the surface in Homestead and the pending sales tale the true story, as everything gets snatched up under 10 days and average properties break
through the 300K level.
IF YOU DECIDE TO FLIP IT:
The investor did all the heavy lifting. You can come in and put on the finishing touches. * IMPACT WINDOWS INCLUDED IN SALE* (you just need to install them). Comps running $320K to $350K as prices soar daily. Little things like paint and trim remain. There is a little 3/1 pending for $320,000 below and it is 500 SF smaller than ours.
SOLD AND PENDING:
$359,000 628 nw 4 st 3/2 1500 sfl liv 1924 24,388sf lot
$345000 426 nw 8 ave (pending) 3/2 1492 sf liv 1970 15745 lot
$339000 31140 SW 188 AVE 3/2 1648 SF 1956 10,640 sf 5/21 cd
$320,000 18711 sw 317 ter (pending) 3/1 1000 sf 1970 7/14/21
$310,000 18720 sw 316 ter 3/2 1489 sf LA 1959 7500 sf lot
$300,000 18750 sw 316 st 3/1 984 sf 1954 7950 sf lot (pending)
IF YOU DECIDE TO RENT IT:
Section 8 Fair market Rent for a 5 bedroom in Miami Dade County is $2,855.45. That is a HAUL for a single fam home in this price range.
Take a look at what you will cash flow with that as your rent.
IF YOU ARE LAZY LIKE ME:
This is an amazing “do nothing” property. If you buy it and just turn on the electric, and have someone cut the lawn for a few months you can ride the tide of the HOMESTEAD REAL ESTATE SURGE and inventory SHORTAGE. Wait a few months and put it on the MLS and enjoy the multiple offer bidding war.
Available on 07.19.2021
Don’t let this excellent opportunity pass you by! Get it yours now!
DISCLAIMER: Florida Investor Deals does not own these properties nor does Florida Investor Deals hold itself out to represent the owners of these properties. These are not Florida investor deals listings. Values are strictly an opinion. Consult an appraiser for true values. Florida investor deals disclaims all liability for the actions or inactions taken or not taken as a result of communications from or to its officers, directors, and members. Florida investor deals does not hold direct contract with the owner of this property
The sale of these properties may be contingent upon a successful close by the Buyer under Contract with the Current Owner. Seller may not be the owner of record of the property at the applicable court jurisdiction; however, the Seller holds equitable interest in the property along with the owner of record and such interest is documented through an executed Purchase and Sale Agreement