For Sale
$2,500,000

29040 Old Dixie HwyHomestead, FL 33033

8-Unit Duplex Portfolio, High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a portfolio of four contemporary duplexes, totaling eight units, situated on approximately 0.96 acres in Homestead, Florida. Built in 2017, these single-story buildings boast a combined 41,868 square feet and offer 48 parking spaces. The property features six three-bedroom, two-bathroom units and two two-bedroom, two-bathroom units, currently enjoying 100% occupancy. Strategically located near the Miami Busway and US-1 (S Dixie Highway), this portfolio benefits from its proximity to the Southland Mall redevelopment and other recent housing developments, promising significant future growth. The property is also conveniently located near major retailers including Target, Walmart, and Publix. With rents currently below market rate, there's substantial value-add potential for increased profitability. The entire property was recently repainted in October 2024. This turnkey investment offers a compelling opportunity for immediate income generation and long-term appreciation. Detailed financial information is available upon request.

Highlights

  • $2,500,000 asking price for an 8-unit multifamily portfolio.
  • Value-add investment opportunity in Homestead, FL.
  • 4 buildings totaling 41,868 square feet, built in 2017.
  • 100% occupancy with 48 parking spaces.
  • $312,500 per unit; $59.71 per square foot.

Property Details for 29040 Old Dixie Hwy

Property type
Residential income homes
Square Feet
41,868 SF
Year Built
2017
Buildings
4
Stories
1
Units
8

Location Insight

City
Homestead
County
Miami-Dade
State
Florida
Latitude
25.497036755111
Longitude
-80.450173177847
29040 Old Dixie Hwy, Homestead, Florida

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29040 Old Dixie Hwy
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