Four-plex - 118 NW 24th St, Miami, FL

Miami, FL Real EstateReal EstateFannie Mae HomePathUpdated 2d ago

$3,390,000

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Flip Score

Low upside

40/100

Low upside: bidding has already run close to typical resale value.

What goes into this score?

Bid competition20%

Time remaining20%

Bidding vs. starting price20%

Scored from this listing's price against sold lots in its category, how many people are bidding, how much time is left, and how far bidding has run past the start. Recomputed on every scrape. Not investment advice.

Is this a good deal?

Pro

Based on 345 comparable in-state sold lots.

Median sold

$5,050

Pro shows the typical range and your estimated resale margin.

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Estimates from comparable past auctions. Excludes transport, buyer fees, and resale markup. Not investment advice.

BidProwl Summary

This real-estate listing is being sold by Fannie Mae HomePath in Miami, Florida. The asking price is $3,390,000. BidProwl's Flip Score puts it at 40/100, which scores below the median for real estate.

Description from Fannie Mae HomePath

118 NW 24th St, Miami, FL 33127. 2,983 sq ft | built 1927. Multifamily Investment (8/8 Studios in WYNWOOD - FOR SALE) -Zoning: T5-O/NRD-1 - Lot Size 7,500SF -Covered Land Play property; Owner would receive income while working on development plans - Great opportunity for owner user or developer with all tenant leases up-to-date - Current income: Approx. $12,400/Month - Property includes 8 street parking spaces (City Decal) - New roof installed in '16 - WiFi network for all tenants - Central washer and dryer - Minutes to Miami Design District, Midtown, Allapattah, Miami beach, Downtown Miami and more

Flip Score

Low upside

40/100

Low upside: bidding has already run close to typical resale value.

What goes into this score?

Bid competition20%

Time remaining20%

Bidding vs. starting price20%

Is this a good deal?

Pro

Based on 345 comparable in-state sold lots.

Median sold

$5,050

Pro shows the typical range and your estimated resale margin.

Unlock with Pro

Estimates from comparable past auctions. Excludes transport, buyer fees, and resale markup. Not investment advice.

Four-plex - 118 NW 24th St, Miami, FL

Flip Score

Is this a good deal?

BidProwl Summary

Description from Fannie Mae HomePath

Property location

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Flip Score

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