651 4Th AveHomestead, FL 33030

Property Details for 651 4Th Ave

Year built

1958

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional multifamily investment property, located at 651 SW 4th Ave, Homestead, FL 33030, presents a compelling opportunity for savvy investors. The property consists of three buildings, each housing four individual units, totaling twelve units in all. Built in 1958, this one-story complex sits on a substantial lot of approximately 15,000 square feet, offering significant potential for future development or expansion. Each unit features one bedroom and one bathroom, providing a consistent and manageable rental portfolio. The property is connected to city sewer, and each unit benefits from its own individual water and electric meters, simplifying utility management and billing. The asking price for this turnkey investment is $3,000,000, representing a strong value proposition in the thriving Homestead, Florida market. The property's location in Miami-Dade County provides convenient access to major transportation routes and amenities. This is a rare chance to acquire a sizable multifamily property with proven rental income potential and significant upside. The property's solid construction and established tenant base make it an attractive investment for both seasoned and emerging real estate investors seeking a stable and profitable addition to their portfolio. Don't miss this chance to own a whole block in a rapidly growing area.

Location Insight

City

Homestead

County

Miami-Dade

State

Florida

Latitude

25.464

Longitude

-80.4833

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