Homestead Apartment Portfolio
Six Building Multifamily Portfolio | 32 Units | $200,000/unit
Marketing description
Premier Properties is pleased to present the exclusive opportunity to acquire Homestead Six, a portfolio of 32 multifamily apartment units located in the rapidly growing South Miami-Dade market of Homestead, Florida.
The portfolio consists of six well-maintained buildings totaling approximately 16,992 rentable square feet situated on 1.18 acres. The unit mix includes one-bedroom and two-bedroom apartments, providing stable occupancy and consistent rental demand.
Homestead Six offers investors a rare combination of immediate cash flow and significant value-add potential. Current in-place rents remain below market, creating the opportunity to increase revenues through strategic rent adjustments as leases renew while maintaining strong occupancy.
Ideally positioned near major employment centers, shopping, schools, and the Florida Turnpike, the portfolio benefits from the continued population growth and economic expansion occurring throughout South Miami-Dade County
Investment highlights
- 32 total units (10 two-bedroom and 22 one-bedroom)
- Current rents below market providing upside potential
- 98% occupancy rate
- Total building square footage: 16,992 SF
- Price per unit: $200,000
- Strong debt coverage ratio of 1.46
- Well-maintained property with accessible parking
- All New Roofs 3rd Quarter 2026
- All units have Central Air Conditioning
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