780 NE 127th St, North Miami, FL 33161
Great opportunity in North Miami FL!.
This North Miami home consists of 5 beds, 5 bath, 3,780 sqft of living space on a 7,032 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.
As-is price:
$701,000
After Repair Value:
$1.2 – $1.3m
Investment Duration:
65 days
Return on Investment:
A 30% profit split
Rehab Cost
$75,000
Estimated Purchase Price:
$960,000 – $1.1m
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 $75,000 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
Shane Hartsell
Rehab Cost Breakdown
HEAVY COSMETIC REHAB COST BREAKDOWN
(Property: 780 NE 127th St, North Miami | Budget: $75,000)
| Category | Description | Estimated Cost | Percentage |
| Roof Replacement | New roofing materials and labor (critical upgrade), including necessary decking and flashing replacement. | $14,000 | 18.7% |
| Kitchen | Full tear-out and remodel: New cabinets, mid-grade quartz/granite countertops, tile backsplash, new stainless steel sink and fixtures. | $15,500 | 20.7% |
| Bathrooms (2) | Full tear-out and remodel: New vanities, toilets, retiling showers/tubs, new floor tile, and updated fixtures in both bathrooms. | $9,500 | 12.7% |
| Flooring | Removal of existing floor coverings and installation of new Luxury Vinyl Plank (LVP) throughout the house. | $7,000 | 9.3% |
| Interior Finish & Paint | Preparation, repair of minor drywall damage, priming, and two coats of paint for all walls, ceilings, and trim throughout the house. | $5,500 | 7.3% |
| HVAC, Electrical & Plumbing | System upgrades: New water heater, upgraded electrical panel, replacing all outlets/switches/fixtures, and necessary plumbing updates (faucets, supply lines). | $8,000 | 10.7% |
| Exterior & Curb Appeal | Exterior paint, cleaning/repair of stucco, light landscaping (sod, mulch, trimming), new mailbox, and addressing gutters. | $5,000 | 6.7% |
| Contingency | Reserved for unforeseen issues. | $10,500 | 14.0% |
| TOTAL ESTIMATED REHAB COST | Sum | $75,000 | 100.0% |
TOTAL RENOVATION BUDGET: $75,000
Cash Closing Timeline: StrandPark Multi-Family
12 Days
Total Estimated Renovation & closing Timeline:
9 weeks and 2 days