26703 138Th CtNaranja, FL 33032

Property Details for 26703 138Th Ct

Year built

1964

Property type

Apartment buildings

Property subtype

Small apartment buildings

Description

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.

Location Insight

City

Naranja

County

Miami-Dade

State

Florida

Latitude

25.5189

Longitude

-80.4154

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