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28720398
32721885

609 SW 10 ST, Florida City, FL 33034

CG
FL BASEL BOUTIQUE REAL ESTATE / 3174702
$3,150,000
183 days on market
Updated 16 days ago

Florida City Portfolio

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 16,200
Net Rentable (SqFt) 16,200
Units 9
Cap Rate 7.34%
NOI $231,312
Occupancy 100%
Tenancy Single
Rent Bumps Yes
Pro-Forma Cap Rate 8.27%
Pro-Forma NOI $260,350
Price per SqFt $194
Class B
Year Built 2007
Buildings 9
Stories 2
Lot Size (SqFt) 3,045
Zoning Residential
Parking Spaces 2 per unit
Investment Type Stabilized
Ground Lease No
Ownership Fee Simple

Multifamily | 9 Units | $350,000/unit

Marketing description

🔥 Price Improvement — High‑Yield Investment Opportunity in Florida City!

A rare chance to acquire a portfolio of income‑producing townhomes in the rapidly growing Florida City market. Now offered at $3,150,000, this package delivers an actual in‑place CAP RATE of 7.3%, supported by stable, government‑backed rental programs including Section 8, Camillus House, and an Air Force housing subsidy.

This unique cluster of 4‑ and 5‑bedroom townhomes—with NO HOA—offers investors a recession‑resistant asset with predictable cash flow and minimal operational friction.

Highlights:

  • 7.3% actual cap rate with long‑term, reliable tenants
  • Majority of income backed by government‑funded programs
  • No HOA — full control, no restrictions, no added fees
  • Built in 2007 with spacious layouts, garages, driveways, and private yards
  • 100% units leased, providing immediate returns
  • Located near City Hall, police department, major highways, and local amenities
  • Easy management with direct approvals and stable tenancy patterns

This is a turnkey, recession‑proof portfolio in a neighborhood experiencing strong growth and increasing rental demand. Opportunities like this are scarce — act quickly before it’s gone.

Investment highlights

-Steady rental income secured by the US Government (Section 8, Air Force subsidy) and Camillus House

-Prime location in Florida City, a fast-growing city along with neighboring City of Homestead

-Located just outside Miami’s busiest urban core, making it convenient and affordable for the working class

-The entire Portfolio is located within a 2-block radius of one another, making it easy and convenient to be self-managed

-All homes are in very good shape, built in 2007

-All homes feature 4 bedrooms and 2.5 bathrooms, with the exception of one that features 5 bedrooms and 2.5 bathrooms

Listing Contacts

CG
FL BASEL BOUTIQUE REAL ESTATE / 3174702

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$231,312.00
$19,276.00/mo

Valuation Metrics

0
DSCR
7.34%
Cap Rate
7.34%
ROI

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Additional Information

Name
Cristina Giral
License
BASEL BOUTIQUE REAL ESTATE / 3174702
Brokerage Phone
3052054351
Brokerage Address
10151 Northeast 14th Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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