Listing photoMiami, FL 33142 · MLS A12089618
"EXISTING CBS STRUCTURE, FULL REHAB/BUILD-OUT, DUPLEX CONVERSION, APPROVED PLANS, MAJORITY OF IMPACT FEES PAID, NOT GROUND-UP, HANDYMAN SPECIAL"
3233 NW 13th Ave is a 3-bedroom, 2-bath home in Miami, Florida listed at $359,900 with 1,321 square feet, built in 1952. The seller is asking for cash or hard money, so it is priced here on our fix and flip loan: an investor with at least one completed project puts 10% down ($35,990), we fund the $145,310 renovation estimate in draws, and the loan closes in 2 weeks. A first flip puts 20% down. See every hard money opportunity in Florida or our Florida hard money lending page.
From the listing. ALLAPATTAH DUPLEX CONVERSION – EXISTING CBS HOME + APPROVED PLANS! Rare opportunity to transform an existing CBS single-family home into a modern, income-producing duplex in one of Miami's established neighborhoods. This is a full renovation/build-out and duplex conversion: NOT a ground-up development or vacant-lot project. FULLY APPROVED City of Miami architectural plans included! The approved plans call for approximately 1,625 SF, 4 bedrooms, and 4 bathrooms, featuring open-concept layouts, modern kitchens, spacious living areas, private bedroom suites, and driveway parking. MAJORITY OF IMPACT FEES ALREADY PAID. Ideally located just blocks from Santa Clara Metrorail Station and Jackson Memorial Hospital. Ideal for developers, investors, or owner-occupants seeking a duplex conversion with rental income potential. HANDYMAN SPECIAL. City of Miami Process No. BD25-027872-001
Preset with the list price and our rough renovation estimate. Change your score, your experience, the budget or the after-repair value and the numbers below move with them. Nothing is pulled and nothing is saved.
| Item | Fix and flip: 10% down | |
|---|---|---|
| At closing | ||
| Qualifies as entered | Yes | |
| Buyer down payment | $35,990 (10%) | |
| Loan at closing | $323,910 | |
| Full renovation, rough estimate* | We fund $145,310 | |
| Total loan | $469,220 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($7,038) | |
| Appraisal | Required | |
| Estimated monthly interest | $3,812 at full draw | |
| Cash to close, rough estimate | $47,418 | |
Rough estimates at the list price of $359,900 for a 740 score and 1 completed project. This is not a commitment to lend.
*Every figure on this page is a rough estimate. The renovation budget is a super rough placeholder at $110 per sq ft, not a bid or an inspection; get your own contractor numbers before you offer. Indicative estimate for discussion, not a commitment to lend. Business-purpose loans to investors only; final terms are set at submission. Fix and flip loans are sized on an appraisal and must stay under 75% of after-repair value. 10% down is for experienced investors; first-time flippers put 20% down. Fix and flip fees include administration, documents, legal, draw inspections and servicing. Title, escrow and taxes are not included.
More hard money deals in Miami All Florida opportunities Hard money lender in Florida Fix and flip loans Every live opportunity
"No conventional/fha loan offers will be considered."
"CASH ONLY—ideal for those looking to renovate, rebuild, or create something new."
"CASH ONLY, PERFECT FOR A Investor, this property is a rehab basically a fixer-upper."
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