Log In/Sign Up
Your email has been sent.
Elizabeth Gardens of Homestead 1511 NE 8th St 44 Unit Apartment Building $10,999,900 ($249,998/Unit) 5.46% Cap Rate Homestead, FL 33033
INVESTMENT HIGHLIGHTS
- Completely renovated and extremely easy to manage
- very low expenses to operate
EXECUTIVE SUMMARY
Skyrise Commercial Real Estate Advisors, is pleased to present the exclusive sale of Elizabeth Gardens of Homestead, a multifamily investment located at 1511, 1521, 1531, 1541 and 1561 NE 8th Street (aka Campbell Drive) in the beautiful City of Homestead, Florida.
The community consists of five, charming two-story buildings with a total of 44-residential units. Formerly known as the SkyVista Condominium, the property has since terminated its association and will be delivered as a free market rental community. The property has undergone an extensive renovation that included the installation of a new roof for each building, installation of new hurricane impact windows for each residence, new mini split systems that provide hot and cold climate control for each residence, new kitchen and bathroom cabinets and tops, new vinyl flooring where applicable and more.
The community consists of five, charming two-story buildings with a total of 44-residential units. Formerly known as the SkyVista Condominium, the property has since terminated its association and will be delivered as a free market rental community. The property has undergone an extensive renovation that included the installation of a new roof for each building, installation of new hurricane impact windows for each residence, new mini split systems that provide hot and cold climate control for each residence, new kitchen and bathroom cabinets and tops, new vinyl flooring where applicable and more.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $10,999,900 | Apartment Style | Garden |
| Price Per Unit | $249,998 | Building Class | C |
| Sale Type | Investment | Lot Size | 3.00 AC |
| Cap Rate | 5.46% | Building Size | 22,000 SF |
| Gross Rent Multiplier | 12 | Average Occupancy | 100% |
| No. Units | 44 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1971/2024 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | 3000 - Multi-Family | ||
| Price | $10,999,900 |
| Price Per Unit | $249,998 |
| Sale Type | Investment |
| Cap Rate | 5.46% |
| Gross Rent Multiplier | 12 |
| No. Units | 44 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.00 AC |
| Building Size | 22,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1971/2024 |
| Opportunity Zone |
Yes |
| Zoning | 3000 - Multi-Family |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 28 | $1,800 | 714 |
| 1+1 | 16 | $1,600 | 559 |
1 1
1 of 8
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Elizabeth Gardens of Homestead | 1511 NE 8th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.