PRINCETON TOWNHOMES 24705 SW 129th Ave 15 Unit Apartment Building $6,000,000 ($400,000/Unit) 5.50% Cap Rate Homestead, FL 33032

INVESTMENT HIGHLIGHTS

  • PRINCETON SUB MARKET
  • ALL 3 BDRMS
  • BUILT in 2023

EXECUTIVE SUMMARY

24705 SW 129 AVE | MIAMI, FL 33032
RE/MAX 360 proudly presents Princeton Townhomes.
Princeton Townhomes consists of a roughly 32,670 SF Lot with (15) brand-new modern designed (2)
story townhomes. Five similar models ranging in size from just under 1,400 SF to 1,550 SF.
Princeton is quickly becoming the jewel of South Dade with major developers like LENNAR and DR
HORTON are in full production mode in the very near vicinity.
Princeton Townhomes offers a fantastic point of difference
on what is quickly becoming "Princeton's" main corridor.

ATTACHMENTS

Princeton Townhomes 24705 SW 129 Ave
FINAL RENTAL PRICE WORKSHEET UPDATED2024

FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

PROPERTY FACTS

Price $6,000,000
Price Per Unit $400,000
Sale Type Investment
Cap Rate 5.50%
No. Units 15
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Townhome
Building Class B
Lot Size 0.75 AC
Building Size 24,920 SF
Average Occupancy 90%
No. Stories 2
Year Built 2023
Parking Ratio 1.36/1,000 SF
Zoning R2 - Multifamily Folio: 30-6923-000-1142 Lot Area: 32,670 SF 15 Units | 3 Beds | 2.5 Bath Built 2023 Cashflow Multi- Family

AMENITIES

UNIT AMENITIES

  • Balcony
  • Cable Ready
  • Dishwasher
  • Crown Molding
  • High Speed Internet Access
  • Yard
  • Dining Room

SITE AMENITIES

  • Controlled Access
  • Trash Pickup - Curbside

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
3+2 15 $2,875 -

PROPERTY TAXES

  • Listing ID: 35000051

  • Date on Market: 3/3/2025

  • Last Updated:

  • Address: 24705 SW 129th Ave, Homestead, FL 33032