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FOURPLEX 1207 NE 1st Ave 4 Unit Apartment Building $900,000 ($225,000/Unit) 8.61% Cap Rate Homestead, FL 33030
EXECUTIVE SUMMARY
Excellent opportunity for investors!
Fully rented. Offering stable rental income and
upside potential. New roof, Tenants are on month to month
leases, providing flexibility for future adjustments.
Year Built: 1990 and is undergoing improvements.
Shopping centers, supermarkets and highways very close.
The Cap Rate is based on a proforma of the Rents.
Don’t miss this solid investment in a growing area!
New roof.
Parking: 8 spaces.
Quick highway access (less than 5 minutes).
Close to supermarkets and shopping centers.
Fully rented. Offering stable rental income and
upside potential. New roof, Tenants are on month to month
leases, providing flexibility for future adjustments.
Year Built: 1990 and is undergoing improvements.
Shopping centers, supermarkets and highways very close.
The Cap Rate is based on a proforma of the Rents.
Don’t miss this solid investment in a growing area!
New roof.
Parking: 8 spaces.
Quick highway access (less than 5 minutes).
Close to supermarkets and shopping centers.
PROPERTY FACTS
| Price | $900,000 | Apartment Style | Low-Rise |
| Price Per Unit | $225,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 8.61% | Building Size | 4,059 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1990 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R-2 - 5700 - DUPLEXES - GENERAL | ||
| Price | $900,000 |
| Price Per Unit | $225,000 |
| Sale Type | Investment |
| Cap Rate | 8.61% |
| Sale Condition | 1031 Exchange |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,059 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1990 |
| Opportunity Zone |
Yes |
| Zoning | R-2 - 5700 - DUPLEXES - GENERAL |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | $2,200 | 750 |
| 1+1 | 2 | $1,700 | 557 |
1 1
Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 10-7907-029-0040 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $313,023 |
PROPERTY TAXES
Parcel Number
10-7907-029-0040
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$313,023
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FOURPLEX | 1207 NE 1st Ave
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