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Naranja Development Site - 1.92 Acres 14550 Mable St 12 Unit Apartment Building $8,100,000 ($675,000/Unit) Homestead, FL 33032
INVESTMENT HIGHLIGHTS
- 1.92-acre lot in the thriving Naranja community of Homestead, one of South Florida’s most active residential growth zones.
- High traffic counts and strong visibility on a major north-south artery, plus a walkable, evolving corridor with historic charm and modern appeal.
- Preliminary design concepts for two 9-story buildings with up to 270 units (pending full approvals)
EXECUTIVE SUMMARY
Residential Potential: Preliminary design concepts for two 9-story buildings with up to 270 units (pending full approvals). Parking: Conceptual layout includes 365 parking spaces for residents and guests. Accessibility: Well-connected to transit, US-1, and the Florida Turnpike.
PROPERTY FACTS
| Price | $8,100,000 | Building Class | C |
| Price Per Unit | $675,000 | Lot Size | 1.92 AC |
| Sale Type | Investment | Building Size | 11,323 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Tenancy | Single |
| Apartment Style | Hi-Rise | ||
| Zoning | 6072 - Administrative Site Plan Review has been approved by Miami Dade County for two 9-story mixed use developments consisting of a total of 270 units | ||
| Price | $8,100,000 |
| Price Per Unit | $675,000 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Hi-Rise |
| Building Class | C |
| Lot Size | 1.92 AC |
| Building Size | 11,323 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Tenancy | Single |
| Zoning | 6072 - Administrative Site Plan Review has been approved by Miami Dade County for two 9-story mixed use developments consisting of a total of 270 units |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 12 | - | - |
1 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $92,509 | |
| Land Assessment | $864,308 | Total Assessment | $2,284,338 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$864,308
Improvements Assessment
$92,509
Total Assessment
$2,284,338
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Naranja Development Site - 1.92 Acres | 14550 Mable St
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