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    1207 NE 1St Ave Homestead, FL 33030

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    For Sale
    $900,000

    Fully rented multifamily property with upside potential in Homestead, Florida.

    Building Details

    Year built
    1990

    Source: ABL Commercial Realty, LLC. Agent Alberto Barrera

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Homestead Multifamily Investment Opportunity

    This multifamily property, constructed in 1990, presents an investment opportunity with stable rental income. The property is fully rented, with tenants currently on month-to-month leases, offering flexibility for future adjustments. Improvements are underway, including a new roof. The property includes 8 parking spaces. Its location provides quick highway access, less than 5 minutes away, and is close to supermarkets and shopping centers.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Homestead
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.47454
    Latitude
    25.481936

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    FAQs

    What type of property is this?
    Apartment building - Fully rented multifamily property with upside potential in Homestead, Florida.
    Where is this apartment building located?
    The property is located at 1207 NE 1St Ave Homestead, FL.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: - Fully rented property offering stable rental income.; - Month-to-month leases provide flexibility.; - New roof.
    (305) 647-8805
    Request Owner's contact information
    1207 NE 1St Ave Homestead, FL 33030
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    Homestead, FL 33030
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1207 NE 1St Ave Homestead, FL 33030
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