tomo logo

$549,900

Beds
3
Baths
2.0
sq ft
1,273

1201 NW 87th St, Miami, FL 33147

1201 NW 87th St

Miami, FL 33147

  • <1 day on market
Discover this gorgeous Home with Investment Potential! Property is a 3/2 currently being used as a 2/1 Main House + a fully equipped 1/1 apartment. Currently leased for a total of $4,100/month. Property is larger than tax roll, 1,750 under A/C. Recently remodeled with updated kitchen,flooring and bathrooms. Expansive 9,261 Sf corner lot with a circular driveway offering plenty of parking. Sought-after location ensures consistent rental demand, making it a fantastic investment opportunity. Whether you're a seasoned investor or just starting to build your portfolio, this property offers potential for steady rental income. Don’t miss out on this versatile home that combines charm, practicality, and profitability!

Details

Property type

Single Family Residence

Est. home value

$637,647

Lot size

9,261 sq ft

Price per sq ft

$432

Year built

1957

Annual property taxes

$6,603

Price History

01/13/2025
SEF

SEF #A11724139

Listed
$549,900
-6.8%
09/01/2024
SEF

SEF #A11423235

Removed
$590,000
01/22/2024
SEF

SEF #A11423235

Price change
$590,000
-2.48%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights, Sidewalks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

First Citizens Bank & Trust Co

Loan start date

January 2023

Original loan amount

$2,040,000

Est. remaining balance

Not provided

Interest rate

6.31%

Loan type

Commercial

Seller

Occam Realty Partners Llc

Lender

First Citizens Bank & Trust Co

Loan start date

January 2023

Original loan amount

$2,040,000

Est. remaining balance

Not provided

Interest rate

6.31%

Loan type

Commercial

Seller

Occam Realty Partners Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 01/14/2025 at 12:30 PM

Listing updated: 01/14/2025 at 3:05 AM

Listed by: Christian Gornail, Luxe Properties Phone #: (305) 809-7650

MLS: SEF #A11724139

SEF logo

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