26720 Old Dixie Hwy 32 Unit Apartment Building $9,500,000 ($296,875/Unit) 6% Cap Rate Homestead, FL 33032

Dixie Village offers investors a rare chance to acquire a newly constructed, income-producing multifamily asset in the high-growth South Miami-Dade corridor. Delivered in 2023, this 32-unit community combines modern design, efficient layouts, and market-appropriate finishes that resonate with today’s workforce renters. The property is strategically positioned along Old Dixie Highway, providing seamless connectivity to US-1 and the South Dade Transitway, ensuring convenient access to major employment hubs and future transit enhancements.
Current rents are operating below prevailing market levels, creating a clear path for revenue growth. With projected NOI exceeding $550,000 and a cap rate in the 6% range, Dixie Village delivers immediate cash flow with measurable upside potential. The surrounding submarket benefits from robust population growth, infrastructure investment, and sustained demand for attainable housing, supported by occupancy rates averaging 96.5% over the past five years.
Located within an Opportunity Zone, the asset offers potential tax advantages for qualifying investors, further enhancing its appeal. The property’s large floor plans, contemporary finishes, and durable construction position it as a long-term performer in a market characterized by limited supply and strong renter retention. Nearby attractions such as Zoo Miami, Everglades National Park, and Southplace City Center underscore the area’s economic vitality and lifestyle appeal.