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$389,999was $450,000

7190 NW 21st Ave

4 bd · 2 ba · 1,484 sq ft

Asking price cut 13.3% on October 5, from $450,000.

108 days on marketSingle Family Residence

Listing courtesy of Smart Miami Realty, LLC.. 786-658-2280

From the MLS

Bedrooms
4
Bathrooms
2
Living area
1,484 sq ft
Asking per square foot
$263
Year built
1959
ZIP code
33147
MLS number
A12040202

What the listing says

DO NOT DISTURB TENANTS. Tenant-occupied property with no interior access available. Property consists of a 3-bedroom, 1-bath main house plus a full 1-bedroom, 1-bath unit. The 1/1 unit will require legalization and permitting. Buyer to assume any open permits, code violations, or compliance requirements associated with the property. Current rental income is approximately $3,650 per month. Property is being sold AS-IS. Excellent value-add opportunity with potential to walk into approximately $150,000–$200,000 in equity based on neighborhood comparable sales and completion of required permitting. Cash or investor-friendly financing preferred. No access. Do not walk the property or disturb occupants. Buyer to assume paying tenants currently generating approximately $3,650/month. 3/1 main house plus full 1/1 unit to be legalized and permitted by buyer. Buyer to assume any open permits and/or violations. Potential for $150K–$200K equity position. Sold AS-IS. Proof of funds required with all offers.

Description supplied by Smart Miami Realty, LLC..

Before you offer on this one

The asking price is the easy part. What decides a Miami condo purchase sits in the association’s budget, its reserve study, the last twelve months of board minutes and the milestone inspection — and in whether the declaration permits what you intend to do with it.

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