For Sale
$499,900

1167 8Th AveHomestead, FL 33030

Legal Duplex, Updated, High-Rental Potential

Overview

Added:
Dec 11, 2024
Days on market:
115
This charming 1-story, 2,137 square foot duplex located at 1167 NW 8th Ave, Homestead, FL 33030 presents a fantastic investment opportunity. Built in 1972, this property boasts two units: a 2-bedroom, 1-bathroom and a 3-bedroom, 1-bathroom. Currently occupied by long-term month-to-month tenants, the property offers immediate income potential with rents significantly below market value, allowing for substantial rental increases. Recent improvements include a fresh coat of paint throughout and well-maintained bathrooms. The electrical system was professionally updated eight years ago, complete with permits, and the property features two separate meters for efficient utility management. A spacious backyard adds to the property's appeal. Situated in a desirable rental area of Homestead within Miami-Dade County, this legal duplex is an exceptional addition to any investment portfolio. The property's strong fundamentals, combined with its upside potential, make it an attractive proposition for savvy investors seeking immediate returns and long-term growth. This is a rare opportunity to acquire a well-maintained, income-producing property in a thriving South Florida market.

Highlights

  • $499,900 asking price.
  • Legal duplex in Homestead, FL.
  • 2,137 square feet.
  • Built in 1972, one story.
  • Two units: a 2/1 and a 3/1/1.
  • Long-term tenants on month-to-month leases.

Property Details for 1167 8Th Ave

Property type
Apartment buildings, Small apartment buildings
Square Feet
2,137 SF
Year Built
1972
Stories
1

Location Insight

City
Homestead
County
Miami-Dade
State
Florida
Latitude
25.4813332
Longitude
-80.4873768
1167 8Th Ave, Homestead, Florida

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1167 8Th Ave
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