Property Description

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.

Features
Swimming Pool
Heating System
Cooling System
Architectural Style
Roof
Sewer
Address Map
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''
MLS Addon
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

2,484 Sqft
$889,000
MLS # #A12108749
Basic Details
Property Type :
Residential Income
Listing Type :
For Sale
Price :
$889,000
Square Footage :
2,484 Sqft
Year Built :
1990
MLS # :
A12108749
Agent info
Contact Agent