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1148 SE 2nd St 4 Unit Apartment Building $1,600,000 ($400,000/Unit) 6.48% Cap Rate Homestead, FL 33034
Investment Highlights
- Conveniently located near the Florida Turnpike and US-1 for regional connectivity.
- Positioned within a growing residential corridor in South Florida.
Executive Summary
Rare four-unit townhome portfolio in Florida City, Florida — the southernmost municipality in Miami-Dade County. This package offering consists of four separate townhome units on individual folios (parcels), sold together as a single commercial investment deal. The units are not attached to each other and are fully leased, well-maintained, and deliver immediate, stabilized cash flow. With 100% occupancy, a proven rent roll, and a current cap rate of 6.48%, this asset is primed to deliver strong risk-adjusted returns from day one. Strategically positioned near the Florida Turnpike and US-1, the properties benefit from robust workforce housing demand driven by proximity to Homestead employment corridors, Everglades National Park, and the Florida Keys. With rental growth momentum throughout South Florida's most affordable submarkets, this portfolio of detached townhomes represents a compelling acquisition opportunity for value-add and income investors alike.
Property Facts
| Price | $1,600,000 | Apartment Style | Townhome |
| Price Per Unit | $400,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 6.48% | Building Size | 6,250 SF |
| Sale Condition | Bulk/Portfolio Sale | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | Parking Ratio | 4.95/1,000 SF |
| Zoning | 9300 - PLANNED UNIT DEVELOPMENT | ||
| Price | $1,600,000 |
| Price Per Unit | $400,000 |
| Sale Type | Investment |
| Cap Rate | 6.48% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.22 AC |
| Building Size | 6,250 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2025 |
| Parking Ratio | 4.95/1,000 SF |
| Zoning | 9300 - PLANNED UNIT DEVELOPMENT |
Amenities
Unit Amenities
- Air Conditioning
- Storage Space
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Carpet
Site Amenities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3 | 3 | $2,498 | 1,545 |
| 4+3 | 1 | $2,850 | 1,615 |
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Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $773,310 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$773,310
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1148 SE 2nd St