This 4-bedroom, 2-bath, approximately 2,024 sq ft single-family home is located in the Richmond Heights submarket of Miami. The home offers a functional layout with well-proportioned living areas and the ability to enhance long-term value through cosmetic and interior modernization. The surrounding neighborhood continues to show strong resale performance, driven by consistent renovation activity and demand for single-family homes with larger interior living space.

Recent Comparable Sales (Used in CMA):
14504 SW 105th Ct – 4/2 – 1,858 sq ft – Sold 07/07/2025 for $565,000
10441 SW 150th Ter – 4/2 – 1,713 sq ft – Sold 10/17/2025 for $605,000
14681 Polk St – 4/2 – 1,526 sq ft – Sold 08/28/2025 for $515,000

These closed sales establish a solid pricing floor in the mid-$500s to low-$600s based on smaller interior living areas.
Your subject property is larger (2,024 sq ft), supporting a higher finished resale value.

Active Market Comparables Supporting Resale Values:
10530 SW 146th St – 4/2 – 1,807 sq ft – Active at $735,000
10371 SW 146th St – 4/2 – 2,343 sq ft – Active at $735,000
14700 SW 105th Ct – 4/2 – 1,547 sq ft – Active at $549,500

These active listings demonstrate current buyer expectations and retail market positioning for modernized homes in the area.

Supported ARV Range:$640,000 – $670,000
ARV Basis Applied:$652,000

Exit Strategy Flexibility:
• Renovate & Resell: Updated 4-bedroom homes in this area consistently reach the mid-$600s, depending on finish level.
• Buy & Hold: Strong rental demand for remodeled single-family homes supports stable occupancy and competitive lease rates.

Post-Update Rent Potential: ~ $3,800 – $4,200/mo
Estimated Net Operating Income: ~ $34,281/yr (approx.)

Investment Overview:
Purchase Price: $480,000
Estimated Update Budget: $70,000 – $90,000 depending on finish scope
All-In Basis: ~$550,000 – $570,000
Projected Equity Spread (Post-Renovation): ~$75,000 – $100,000+ depending on resale timing and carry costs.

Location Advantages:
The property is positioned within a well-established residential neighborhood near Zoo Miami, The Falls shopping district, Palmetto Bay, and major commuter corridors including the Turnpike. The area reflects strong buyer stability and consistent owner-occupant demand.

Showings by appointment only.