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3827 SW 88th Ct, Miami, FL, 33165 | $800,000
Renovated duplex priced below appraised value for a smooth closing—strong entry point with immediate upside. Currently generating $4, 800/month with a 3/2 at $3, 200 and a 1/1 at $1, 600. Market rents are higher. Both units will be delivered vacant, offering flexibility for investors or owner occupants. Potential assumable FHA loan (~$375K at 2. 4%) creates a rare financing advantage and cash flow potential. The property features numerous functional and cosmetic upgrades, such as impact windows, modern bathrooms and kitchens (including appliances), trendy flooring and fixtures, mini-splits (in the 1/1), a newer electrical panel, and water heater. With a roof from ~2014, septic serviced in 2023, separate electric meters, and no lender-required flood insurance, this duplex offers peace of mind and lower carrying costs. Excellent condition and a central location in the well-established Westchester residential area—with convenient access to major roadways, shopping, dining, airport, FIU and everyday amenities—make this a high-demand rental asset and a comfortable place to call home.
The flexible layout supports multiple strategies for buyers focused on long-term wealth building, stability, and control: live in one unit while offsetting housing expenses, build equity while generating income, or transition into a fully rented investment. This property presents a compelling opportunity for value-add, rent growth, and appreciation in one of the best communities in South Florida.
Features
- Year Built: 1970
- Heating: Central,Electric,Zoned
- Cooling: Central Air,Electric,Zoned
- Approx Sq. Feet: 2,169
- Est. Taxes: $9,679
- Lot Desc: < 1/4 Acre
- MLS#: A11997718
- Days on Market: 24 days
- Website: https://www.raveis.com
/prop/A11997718/3827sw88thct_miami_fl?source=qrflyer
Listing courtesy of Keller Williams Capital Realty Phone: 305-662-7325
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
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- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Pedro DelgadilloInsurance Sales Director, William Raveis Insurance
305.922.5393
Pedro.Delgadillo@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
3827 SW 88th Ct, Miami, FL, 33165
$800,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $640,000 | $640,000 | $640,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.374% | 6.524% | 5.933% |
| Monthly Tax Payment | $807 | $807 | $807 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,837 | $3,993 | $5,315 |
| Total Monthly Payment | $4,736 | $4,892 | $6,214 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388