$346,000
●
House -
Off Market
2968 NW 87th Terrace
Miami, FL 33147
4 Beds
2 Baths
1,546 Ft²
$2,150
Est. Monthly
About This Property
"Investor Special"!!! Cash buyers only due the property condition.
Spacious 4 bedrooms, 2 bathroom SFH with agarage apartment (may be
illegal) and situated on large lot. Main house is a currently
a 3/2 (2nd bath may be illegal) and the garage apartment is a 1/1,
there is an added in efficiency unit which is illegal in poor
condition and needs to be demolished. Centrally located in close
proximity of major highways and public transportation. This one
won't last, property has lots of potential. Hurry, this one one
last... easy to show, property is vacant and has a LBX. Sold AS-IS.
Seller-Broker has NO prior history or disclosures. Buyer solely
responsible to verify of any violations, etc. No HOA fees!!!
Unit Size
1,546 Ft²
Days on Market
40 days
Land Size
0.18 acres
Price per sqft
$223
Property Type
House
Property Taxes
$456
HOA Dues
-
Year Built
1951
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 6 months ago (Beaches MLS #F10450691)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 17, 2025 | Sold | ||
| Sold | |||
| Mar 4, 2025 | In contract | - | |
| In contract | |||
| Jan 28, 2025 | Price Decreased |
$649,900
↓ $25K
(3.7%) | |
| Price Decreased | |||
| Jan 3, 2025 | Listed | $675,000 | |
| Listed | |||
| | |||
|
Two potential in-law quarters!! 4/3 A single-family home that has been fully renovated and has the potential to generate two sources of income. A brand-new roof, insulation, drywall, impact windows, doors, floors, plumbing, electrical, bathrooms, kitchen, light fixtures, high hats LED, ceiling fans, central a/c, tankless water heater and interior and exterior painting are all features of this fully remodeled 4/3 house. In addition to a large concrete driveway that can accommodate many automobiles and an RV, the property features a secured gated entry. Take advantage of this fantastic chance. Located in a Duplex Zoning.
| |||
| Aug 20, 2024 | Sold | ||
| Sold | |||
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Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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HOA + Taxes
About West Little River
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Listed by: Amado Mederos
Real Estate Services Inc
Last Updated: 6 months ago
Data Source: Beaches MLS, MLS# F10450691
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.
Real Estate Services Inc
Last Updated: 6 months ago
Data Source: Beaches MLS, MLS# F10450691
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