1167 8Th AveHomestead, FL 33030
- Residential income properties
- 2,137 SF
Property Details for 1167 8Th Ave
- Year built
- 1972
- Property size (Sq ft)
- 2,137 SF
- Property type
- Residential income properties
- Property subtype
- Multifamily properties
Description
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.
Location Insight
- City
- Homestead
- County
- Miami-Dade
- State
- Florida
- Latitude
- 25.4813
- Longitude
- -80.4874
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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