Investment opportunity in Homestead! This fourplex offers substantial income growth potential and a new roof completed with permits. An opportunity for investors seeking a multifamily asset with room to improve rental performance and build long-term value. With four income-producing units, the property offers multiple rental streams and significant future upside through strategic management and rent optimization.
Projected annual net operating income of nearly $85,000 assumes registration with the local housing authority and achievement of projected rents, subject to program approval, applicable inspections, and operating expenses. This figure represents potential future performance and is not current or guaranteed income. Buyers should independently verify existing rents, leases, expenses, program requirements, and financial projections during due diligence.
The recently completed permitted roof adds value while addressing a major building component. Whether expanding an existing portfolio or pursuing a multifamily investment with room for growth, this fourplex offers an opportunity to capitalize on its untapped rental potential.
Tenant occupied. Please do not disturb tenants or enter the property without a confirmed appointment. All showings are by appointment only.
- Swimming Pool
- Heating System
- Cooling System
- Architectural Style
- Roof
- Sewer
- State:
- FL
- County:
- Miami-Dade
- City:
- Homestead
- Zipcode:
- 33030
- Street:
- 1207 Ne 1st Ave, Homestead, Florida 33030
- Longitude:
- W81° 31' 30.7''
- Latitude:
- N25° 28' 54.6''
- Building Area:
- 2,614 Sqft
- Construction Materials
- Cumulative DOM:
- 19
- DOM:
- 19
- Flooring
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Lot Features
- Parcel Number:
- 10-79-07-029-0040
- Subdivision Name:
- DIAMOND PARK RE SUB
- Tax Annual Amount:
- $6,900
- Utilities
- Virtual Tour:
- Click Here
Residential Income For Sale
1207 Ne 1st Ave, Homestead, Florida 33030, Homestead, Florida 33030
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $889,000
- Square Footage :
- 2,484 Sqft
- Year Built :
- 1990
- MLS # :
- A12108749
