For Sale
$515,000

26703 138Th CtNaranja, FL 33032

High-Demand Duplex, Excellent Potential

Overview

Added:
Dec 11, 2024
Days on market:
114
This charming 1964-built duplex in Homestead, Florida, presents a compelling investment opportunity. Situated on a spacious 10,725 sq ft lot in Miami-Dade County, this property offers significant upside potential. Currently configured as a two-unit duplex, it's zoned to allow for expansion up to six units and two stories, providing substantial growth opportunities for the astute investor. One unit boasts a recent remodel, while the other underwent updates just three years ago. Each unit features two bedrooms and one bathroom, finished with modern amenities. The property enjoys a prime location near shopping and public transportation, ensuring strong tenant demand. With a current market rent of $2,200 per unit and a projected capitalization rate exceeding 10%, this property offers a strong return on investment. The asking price is $515,000. Additional photos are forthcoming. This single-story building is located at 26703 SW 138th Ct, Homestead, FL 33032.

Highlights

  • Asking price: $515,000
  • Multifamily property (duplex) in Homestead, FL, built in 1964.
  • Situated on a 10,725 sq ft lot, zoned for up to six units and two stories.
  • Features two 2 bed/1 bath units, one recently remodeled, the other updated three years ago.
  • Offers a market rent of $2,200 per unit and a 10%+ cap rate.

Property Details for 26703 138Th Ct

Property type
Apartment buildings, Small apartment buildings
Year Built
1964
Stories
1

Location Insight

City
Naranja
County
Miami-Dade
State
Florida
Latitude
25.5189184
Longitude
-80.4154169
26703 138Th Ct, Naranja, Florida

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26703 138Th Ct
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