2350 NW 55th Ter, Miami, FL 33142
Great opportunity in Miami, FL.
This Miami home consists of 3 beds, 2 bath, 1,189 sqFt of living space on a 5,830 SqFt lot. Don’t miss out on this great opportunity!
Investment and Property Details
At Strandpark Properties, we believe in creating win-win opportunities. We invite our clients to sponsor rehab projects, which not only shares the financial success but also fosters a truly collaborative partnership. While we could fund these projects ourselves, we actively value the insights and involvement of our clients. This unique approach allows you to earn 30% profit from the sale of the property, in addition to your initial investment back, making it a lucrative opportunity for everyone involved.
Explore our current deals and join us in transforming properties into profitable ventures.
Purchase price:
$245,000
After Repair Value:
$480,000
Investment Duration:
48 Days (41–day renovation phase and a 7-day final closing period)
Return on Investment:
70% ROI
Rehab Cost
$51,000
Estimated Purchase Price:
$435,000
Security
IMPORTANT NOTICE: Investment Security and Closing Guarantee
A Purchase Agreement has been signed with a committed End Buyer, providing an anticipated exit for the project.
In the event the End Buyer fails to close immediately following the property rehab completion, Strandpark Properties Limited is contractually obligated to pay the investor their full Return on Investment and Initial Investment on the exact date agreed upon by the investor and Strandpark Properties, as stipulated in the Joint Venture Contract Agreement. This serves as a principal guarantee and ensures the investor is paid on schedule regardless of the final sale timeline.
No Additional Capital Calls: The Operating Partner is solely responsible for any cost overruns, protecting the investor from being asked for further funds beyond the initial $51,000 commitment.
Information Rights: Weekly financial reporting requirements ensure complete transparency, allowing the investor to monitor the project’s financial health in real-time.
Lead Contractor
Isabella Miller
Rehab Cost Breakdown
- Demolition & Cleanup: The property needs to be completely cleared of all debris, trash, and old materials. ($8,000)
- Structural & Exterior: The siding, windows, and doors all require replacement due to visible damage and deterioration. ($10,000)
- Mechanical, Electrical, & Plumbing (MEP): The electrical, plumbing, and HVAC systems are outdated and must be replaced to meet modern safety and efficiency standards. ($13,000)
- Interior Finishes: A full remodel is necessary for the kitchen and bathroom, along with new drywall, flooring, doors, and paint throughout the entire house. ($20,000)
Total Rehab Cost: $51,000