29929 SW 159, Homestead, FL 33033

$7,000,000
1,058
SqFt

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List Price
$7,000,000
Days on Market
0
MLS#
A12118742
Year Built
1973
Living Area
1,058
MLS Area Major
2790

Property Description

We are pleased to offer a portfolio of eight multifamily buildings totaling 31 units Homestad- Florida City area, in South Miami-Dade. The buildings are low-rise walk-up properties (one- and two-story) with a unit mix weighted toward 2-bedroom/1-bath apartments. The portfolio is currently 67.7% occupied (21 rented, 10 vacant), and the units are in need of improvement. BLDG 1 & BLDG 8 are two-story buildings with 4 units each. In our assessment, with additional work each could be converted into an 8-unit building, doubling the unit count in each building (from 8 units to 16 across the two) and bringing the portfolio from 31 to 39 units

Additional Information

Taxes
$36,000
Zoning
0100
Utilities
Cable Available
Heating
Central, Separate Meters
Air Conditioning
Ceiling Fan(s)
Exterior Construction
Block
Roof
Shingle
Elementary School
Campbell Drive K-8
Middle School
Redland
High School
South Dade

Listing courtesy of Albo Realty Group Inc..

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