Triplex in Miami with three separately metered units (3/2 + 2/1 + 1/1). 2,637 SF total living area on 3,750 SF lot. Strong appraised value of $1,050,000 offers 51% equity spread. Clean title, all units vacant at closing. Ideal for value-add or rental stabilization.
6 Beds
4 Baths
2,637 Sqft
Built 1929
Multifamily
3,750 Sqft Lot
Asking
$515K
Wholesaler Price
ARV
$1.1M
Wholesaler Estimate
Spread
$535K
49¢ on the dollar
ARV Comparison
Wholesaler ARV
$1.1M
49¢ on the dollar
Rocket ARV
$827K
62¢ on the dollar
Overview
Big Tickets
Roof
Not verified Impact Windows
Not verified HVAC
Not verified Water Heater
Not verified
Not verified Impact Windows
Not verified HVAC
Not verified Water Heater
Not verified
Property Details
Public Records
3,750 SF
Lot Size
Highlights
$535K spread
ARV $1.05M
Triplex - 3 units
3 electric meters
Sales Comps
Rocket
Subject
Comp
Rental Income
Rocket
$1,920/mo
Market Rent Estimate
$1,210
$2,630
$23,040
Annual Rent
4.5%
Gross Yield
$0.73
Rent/Sqft
$320
Per Bedroom
Sale History
Public Records
Last Sold: 2023-01-09T00:00:00.000Z
$442,000
+138% appreciation ($608K) in 3 years
