1207 NE 1st Ave, Homestead, FL 33030
1207 NE 1st Ave, Homestead, FL 33030
1207 NE 1st Ave, Homestead, FL 33030
1207 NE 1st Ave, Homestead, FL 33030
1207 NE 1st Ave, Homestead, FL 33030
1207 NE 1st Ave, Homestead, FL 33030
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$ 889,000
Est. payment | /mo

2,484 SqFt


$ 889,000
Est. payment | /mo

2,484 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,484 sqft

Price per Sqft $357

Subdivision Diamond Park Re Sub

MLS Listing ID A12108749

Style Fourplex

HOA Y/N No

Year Built 1990

Annual Tax Amount $6,900

Tax Year 2025

Property Sub-Type Quadruplex

Property Description

Investment opportunity in Homestead! This fourplex offers substantial income growth potential and a new roof completed with permits. An opportunity for investors seeking a multifamily asset with room to improve rental performance and build long-term value. With four income-producing units, the property offers multiple rental streams and significant future upside through strategic management and rent optimization.

Projected annual net operating income of nearly $85,000 assumes registration with the local housing authority and achievement of projected rents, subject to program approval, applicable inspections, and operating expenses. This figure represents potential future performance and is not current or guaranteed income. Buyers should independently verify existing rents, leases, expenses, program requirements, and financial projections during due diligence.

The recently completed permitted roof adds value while addressing a major building component. Whether expanding an existing portfolio or pursuing a multifamily investment with room for growth, this fourplex offers an opportunity to capitalize on its untapped rental potential.

Tenant occupied. Please do not disturb tenants or enter the property without a confirmed appointment. All showings are by appointment only.

Location

State FL

County Miami-dade

Community Diamond Park Re Sub

Area 79

Zoning 5700

Interior

Heating Central

Cooling Electric

Flooring Clay

Exterior

Pool None

Utilities Available Cable Available

Roof Type Shingle

Total Parking Spaces 4

Private Pool No

Building

Lot Description < 1/4 Acre

Story 1

Sewer Public Sewer

Architectural Style Fourplex

Level or Stories One

Structure Type Block

Others

Tax ID 10-79-07-029-0040

Acceptable Financing Cash, Conventional, FHA 203(k), FHA

Listing Terms Cash, Conventional, FHA 203(k), FHA

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12108749

Miami Association of Realtors (SEFMIAMI MLS)
Listed by Brown Harris Stevens

NEARBY SCHOOL & BUSINESS

O'Neil Dayes

+1(754) 240-4203

odayes@oneildayes.com

7875 NW 57th St # 25497, Tamarac, Florida, 33351, United States

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1207 NE 1st Ave