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. By allowing our clients to sponsor rehab projects, we not only share the financial success but also foster a collaborative partnership. While we have the resources to fund these projects ourselves, we value the insights and involvement of our clients. This unique approach allows you to earn 70% return on your investment when the property is flipped, 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
Return on Investment:
70%
Rehab Cost
$51,000
Agreed Purchase Price:
The end buyer has agreed to purchase the property for $435,000 and has made a 20% non refundable deposit towards the ARV.
Security
Rock-solid, legally binding joint venture agreement guaranteeing your investment return and protection regardless of project outcome.
Lead Contractor
Oscar Gallego
Property Details:
- Size: 3 beds, 2 bath, 1,189 sqFt
- Lot: 5,830 SqFt
- Year Built: 1925.
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- Mechanical, Electrical, & Plumbing (MEP): The electrical, plumbing, and HVAC systems are outdated and must be replaced to meet modern safety and efficiency standards.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