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.