MIAMI GARDENS ESTATES SEC 5 - TB8491387 - 126 MIAMI GARDENS RD, WEST PARK, FL 33023
15 Days on yellowkey

$417,900 Reduced | Single Family Home | 10 beds | 8.0 baths

This is truly, a ONE-OF-A-KIND, incredibly unique- HIGH-UPSIDE OPPORTUNITY!! This is one of the GREATEST OPPORTUNITIES to ever hit the Miami Gardens market! This is a single-family home currently configured with 8 separate living spaces- consisting of 10 bedrooms and 8 bathrooms. This is a true project requiring significant TLC, reconfiguration, and potential remediation or demolition- as one of the living spaces has been impacted by fire and is currently designated as an unsafe structure by the city. This is a major opportunity suited for experienced investors who understand how to unlock value. Just months ago, the property was generating over $10,000/month in rental income. Now priced aggressively for a fast sale, this is where real opportunity is created. Serious investors only—this is a high-upside, once-in-a-decade type deal. Situated on a large lot with ample parking and multiple access points, the layout allows for flexible use with independent entrances and strong rental potential. The spacing and layout provide privacy and functionality, making it ideal for a variety of investment strategies. A significant portion of the property has been LUXURIOUSLY RENOVATED, featuring modern finishes including updated flooring, contemporary kitchens, and upgraded bathrooms with clean, functional layouts. The living space that was impacted by fire is currently designated as an unsafe structure by the city. The property will require repairs, reversions, updates, and potential code compliance, remediation, or demolition. Buyer to verify all information, including current use, zoning, and any necessary approvals. Roof and central AC were updated in 2020. Remaining units utilize mini-split systems. Electrical and plumbing in good working order. Two of the units are currently occupied on month-to-month leases, paying $2,300 and $1,600 per month. The rest of the home was vacated due to the fire and seller's preparation for selling. With no HOA and no rental restrictions, the versatility here is UNMATCHED. Whether you’re looking for a large-scale fix and flip, long-term cash flowing trophy asset, or redevelopment opportunity—this is one of those rare deals that checks so many boxes. Property is being sold as-is. Priced aggressively for a fast sale.

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Listing is courtesy of: RICHARD PETERS REALTY LLC