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1302 NE 1st Ave, Homestead FL 33030

Multi-family Recently Sold
$820,000

BTC: 12.23880597

ETH: 266.31417928

Sold on: 2023-12-28
31 days
0 room(s)
3,344 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

We're pleased to offer a great commercial real estate opportunity at 1302 NE 1 Ave. This well maintained four-plex is fully occupied with month-to-month tenants and provides a total of 3,344 SF divided into four 2 BD, 1 BA. The property, sitting on an 8,088 SF lot with an adjacent lot of the same size with a total of 16,176 SF Lot which offers room for expansion or development. The property is currently undergoing a routine 40-year recertification process for long-term compliance and stability. While it's a promising investment, some updates, particularly in the bathrooms and kitchens, could enhance its appeal and functionality. There's also potential for gradual rent increases. This is a unique opportunity to invest in commercial real estate in a prime location.

Location

Facts and features

Type:
Residential Income
Parking:
No Data
Year Built:
1972
Lot:
No Data
Heating:
Electric
Price/sqft:
$359
Cooling:
Electric
HOA:
No Data
All facts and features
  • Flooring

    • Ceramic Floor

    Heating

    • Electric

    Cooling

    • Electric

  • Other Property Information

    • Parcel Number: 10-79-07-034-0180

    • Zoning: 3000

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Other financial information

    • Annual tax amount: $7,172

  • Source details

    • MLS ID: A11469299

    Other facts

    • Lot Features: 1/2 To Less Than 3/4 Acre Lot

    • Architectural Style: Detached

    • Living Area: 3344

    • Subdivision Name: NORTH DIAMOND PARK

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Synergy Realty Advisors