Listed by MSP Group, MSP Group, LLC
$445,000
CENTRAL COMML HOMESTEAD
Details
APN 10-78-13-004-0230
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 1,562
Net Rentable (SqFt) 1,346
Units 2
Price per SqFt $285
Year Built 1966
Buildings 1
Lot Size (SqFt) 6,500
Zoning 1900
Parking Spaces 6 spaces
Parking Per SqFt 3.84
Homestead Duplex | $222,500/unit
Marketing description
The property is made up of two 2-bedroom/1-bathroom units with approximately 713 SF each, encompassing a formal living area and a kitchen with refrigerator, stovetop, oven, and an over-the-range microwave. The units feature wall A/C units and shuttered windows, which in addition to the concrete roofs, lower the insurance premium to just above $1,000 per unit. The property has individual meters for water and electricity, lowering the operating cost for the owner.
The property is conveniently located near US1 and the Florida Turnpike, two of Miami-Dade County’s main north/south arteries. It is also located minutes away from Downtown Homestead which is enjoying large amounts of investments that include a new Police Station, City Hall, the reopening of the historic Seminole Theatre and the 65,000 SF Homestead Station that includes a movie theatre, bowling alley, large arcade, multiple dinning and retail options. The immediate area surrounding the property is also seeing a slew of development including single family homes, duplexes and large multifamily properties. 611 SW 8th Avenue is located steps away from the Miami-Dade County Busway that has been implementing the Bus Rapid Transit System connecting South Dade to the Metro Rail and beyond.
Investment highlights
- Concrete roof
- Shuttered windows
- Individual meters for water and electricity
Listing Contacts
Listed by MSP Group, MSP Group, LLC
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