525 SW 1st Ave, Homestead, FL 33030
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525 SW 1st Ave, Homestead, FL 33030
525 SW 1st Ave, Homestead, FL 33030
525 SW 1st Ave, Homestead, FL 33030
525 SW 1st Ave, Homestead, FL 33030
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Alex Mendel

Alex Mendel

+1(561) 827-8449
$ 2,050,000
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525 SW 1st Ave Homestead, FL 33030

9,628 SqFt

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 9,628 sqft

Price per Sqft $212

MLS Listing ID A12000553

HOA Y/N No

Year Built 1973

Annual Tax Amount $28,906

Tax Year 2025

Lot Size 0.333 Acres

Property Sub-Type Multi Family

Property Description

525 SW 1st Avenue is a 12-unit building located in Homestead, FL. The property is made up of 12 expansive 802 SF 1 bedroom 1 bathroom apartments with walk in closets, full size kitchens formal dining and living areas. The units all feature central air conditioning along with impact windows and doors. These spacious units provide an owner with long term tenants and excellent average rent of $1,560. The property ais up to date with the 40-year recertification through the City of Homestead . This asset allows an investor to step in to an asset that is producing excellent cashflow along with some rental upside through more section 8 tenants and other potential strategies. The new owner of the property will be stepping into a building with excellent in place cashflow but will still have some rental upside. The building is well suited for section 8 and market rate tenants with the significant amount of employment in South Dade and the Florida Keys. These units provide essential workforce housing in a high occupancy market and will standout amongst rental product available in the area due to size and condition. Area rents are continually increasing as the demand for affordable housing expands throughout South Florida.

Location

State FL

County Miami-dade

Area 79

Interior

Heating Central

Cooling Central Air

Window Features Impact Glass

Exterior

Private Pool Yes

Building

Story 2

Level or Stories Two

Structure Type Block

Others

Tax ID 10-78-13-050-0390

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12000553

Miami Association of Realtors (SEFMIAMI MLS)
Listed by MSP Group, LLC

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Alex Mendel

Alex Mendel

Agent

+1(561) 827-8449

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525 SW 1st Ave

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