This 1930-built South Miami property shows significant potential for flipping. Its current valuation of $729K is well below the median sold price of $602K-$1.14M in the area, depending on comparable properties. The home's small size (1,020 sqft) and dated features present opportunities for value-adding renovations.
Consider adding a bedroom and bathroom to maximize ROI. Comps suggest this could increase the value to around $885K, a 21% gain. Focus on modernizing the kitchen and bathrooms, and potentially expanding the living space. Given the property's age, ensure thorough inspections for any underlying issues before committing to major renovations.