Condition: The front structure has fire damage and is pending demolition (permit required); the rear structure contains 3 rentable units in livable condition.

Comparable Sale: 825 SW 13th Ave sold for $1,287,500, highlighting the potential for increased value post-repairs.

Repair Needs: Estimated $150,000 to demolish and rebuild the front structure and improve the rear units.

Market Trends:

• Rental Demand: High demand for multifamily units in Little Havana.
• Price Appreciation: 25.91% in market value over the past year.
• Development Projects: Potential to develop up to 9 units per zoning regulations (buyer to verify).

Permits and Compliance: Buyer assumes responsibility for resolving unsafe structure and any associated permits.

1. ARV: $1,600,000
2. Predicted Appreciation Over 5-10 Years: 7% annually.
3. Rental Income (Post-Rehab): Estimated $2,400/unit for 3 units = $7,200/month or $86,400/year.
4. Operating Expenses: Estimated at 30% of gross income = $25,920/year.
5. Investor Strategy: Fix and Flip or Buy and Hold (long-term rental income potential).
6. Occupancy: Rear units rented on a month-to-month basis.
7. Repair Estimates: $150,000 (front structure rebuild + unit renovations).
8. Permits and Compliance: Buyer must resolve demolition permit and unsafe structure issues.