525 SW 1st Ave, Homestead FL 33030
Income/MultiFamily in Homestead
$2,050,000
Listing courtesy of MSP Group, LLC; Samuel Mekras. Information from the Southeast Florida Multiple Listing Service is deemed reliable but is not guaranteed accurate.
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Income/MultiFamily, Commercial Sale
Details
Overview
Description
525 SW 1st Avenue is a 12-unit building located in Homestead, FL. The property is made up of 12 expansive 802 SF 1 bedroom 1 bathroom apartments with walk in closets, full size kitchens formal dining and living areas. The units all feature central air conditioning along with impact windows and doors. These spacious units provide an owner with long term tenants and excellent average rent of $1,560. The property ais up to date with the 40-year recertification through the City of Homestead . This asset allows an investor to step in to an asset that is producing excellent cashflow along with some rental upside through more section 8 tenants and other potential strategies. The new owner of the property will be stepping into a building with excellent in place cashflow but will still have some rental upside. The building is well suited for section 8 and market rate tenants with the significant amount of employment in South Dade and the Florida Keys. These units provide essential workforce housing in a high occupancy market and will standout amongst rental product available in the area due to size and condition. Area rents are continually increasing as the demand for affordable housing expands throughout South Florida.
This income/multifamily home located at 525 SW 1st Ave, Homestead FL 33030 is currently for sale and has been available on Brickellsold for 121 days. This property is listed at $2M. It has N/A beds, N/A bathrooms, and is N/A square feet. It was built in 1973. 525 SW 1st Ave, Homestead FL 33030 is in Homestead county Miami-Dade County.
Interior
- Flooring:
- Common walls with other units/homes:
Property
- Parking Features: Common
- Entry location:
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Construction
- Year Built: 1973
Community & HOA
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Financial
Metadata
Neighborhood Insights
School and crime data are from public sources and are informational only.
Nearby Schools
Within 5 miles
- Laura C. Saunders Elementary • 0.0 mi • K-12
- Neva King Cooper Educational Center • 0.0 mi • K-12
- School For Advanced Studies Homestead • 0.0 mi • K-12
- Homestead Middle • 0.0 mi • K-12
- South Dade Technical College • 0.0 mi • K-12
- Florida City Elementary • 0.0 mi • K-12
Nearby Hospitals
Within 3 miles
No nearby hospitals found.
Crime Overview
Crime data unavailable for this area.