$889,000

For sale

1207 NE 1st Ave, Homestead FL 33030

2,484 sq ftBuilt 1990MLS# A12108749

Email to a friend

Email this property to a friend

By submitting you agree to be contacted about your request. Privacy policy

About this property

Investment opportunity in Homestead! This fourplex offers substantial income growth potential and a new roof completed with permits. An opportunity for investors seeking a multifamily asset with room to improve rental performance and build long-term value. With four income-producing units, the property offers multiple rental streams and significant future upside through strategic management and rent optimization.

Projected annual net operating income of nearly $85,000 assumes registration with the local housing authority and achievement of projected rents, subject to program approval, applicable inspections, and operating expenses. This figure represents potential future performance and is not current or guaranteed income. Buyers should independently verify existing rents, leases, expenses, program requirements, and financial projections during due diligence.

The recently completed permitted roof adds value while addressing a major building component. Whether expanding an existing portfolio or pursuing a multifamily investment with room for growth, this fourplex offers an opportunity to capitalize on its untapped rental potential.

Tenant occupied. Please do not disturb tenants or enter the property without a confirmed appointment. All showings are by appointment only.

Property details

Property type
Multi-family
Year built
1990
Living area
2,484 sq ft
Price per sq ft
$358
Property taxes
$6,900/yr
Parking
4 spaces
Building / community
Diamond Park Re Sub
Status
For sale
MLS #
A12108749

Listing courtesy of Brown Harris Stevens.

Location

Similar properties

Photo of 28805 SW 186th Ave, Homestead FL 33030 Price reduced
$889,900

28805 SW 186th Ave

28805 SW 186th Ave, Homestead FL 33030
4 bd · 3 ba · Single family
MLS# A12025466 · Listing courtesy of United Real Estate Miami
Photo of 30277 SW 194th Court, Homestead FL 33030 For sale
$886,990

Aspen Estates West,Aspen Estates

30277 SW 194th Court, Homestead FL 33030
4 bd · 3 ba · 2,533 sq ft
MLS# A12089416 · Listing courtesy of D.R. Horton Realty of Southeast
Photo of 13350 SW 272nd St, Homestead FL 33032 For sale
$899,000

Sunrise Estates

13350 SW 272nd St, Homestead FL 33032
5 bd · 5 ba · 2,971 sq ft
MLS# A11951088 · Listing courtesy of LuckyStart Realty, LLC