The Flip Potential of 11450 SW 84th Ave Miami, FL🏡 is medium.
Current Specs
Multi-Family
1 Units
4 Bed / 3 Bath
3,932 sqft
$569 per sqft
Estimated Value$2,235,739
Flip Advice
This Miami property shows strong potential for a flip. Built in 1994 with 3,932 sqft, it's spacious and likely in need of updates. The current valuation of $2.24M represents a significant increase from its last sale price of $155K in 1993, indicating substantial market appreciation. The property's location in the desirable 33156 zip code adds to its appeal.
Consider a moderate renovation focusing on modernizing key areas like the kitchen and bathrooms. With comps showing median sold prices between $1.7M to $3.4M, there's room for value addition. However, be mindful of the current market trends and potential holding costs. A quick flip strategy might be most profitable, aiming to list the property around $2.5M-$2.7M after renovations.
The accuracy of the Frontflip report and its applicability to your circumstances are not guaranteed. This calculator is offered for educational purposes only, and is not a substitute for professional advice. All figures provided by the Frontflip calculator are estimates only and are not reflective of what your actual results may be.
Flip Scenarios
Explore renovation scenarios based on recent comps that could increase the value of 11450 SW 84th Ave: