Apartment Building with Updated
For Sale
$2,200,000
601 South Flagler Avenue, Homestead, FL 33030
Two-story multifamily property with impact windows, updated kitchens and bathrooms, and controlled entry.
Property Size15,231 SF
Lot Size0.56 Acres
Price / SF$144.44
Days on Market2367
Property Features for 601 South Flagler Avenue
General Information
Standard status
Active
Size
15,231 SF
Lot size
0.56 Acres
Property subtype
Commercial/Industrial / Income/Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
13 x 2BR/1BA, 3 x 3BR/1BA
Multifamily Units
16
Additional Details
Opportunity Zone
Yes
Taxes and HOA fees
Annual Taxes
$16,540
Amenities
electrical gate
Building Details
Year Built
1988
Buildings
1
Stories
2
Listing Agency:
Z Luxury Group
Listed By:
Zandra Mederos · License #3299774
(786) 261-4921
Source:
Compass
Added: Mar 11, 2020
Changed: Aug 30
Last Checked: Sep 1 at 11:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Z Luxury Group
Investment Insights
Based on property information with market context.
Located at 601 South Flagler Avenue in Homestead, this 1988 multifamily property contains 16 units across a two-story building totaling 15,231 square feet. The unit mix includes 13 two-bedroom, one-bath residences and three converted three-bedroom, one-bath residences. Impact-resistant windows have been installed, while most kitchens and bathrooms have received updates. An electronic entry gate with tenant clickers provides controlled access.
The building occupies a 24,212-square-foot corner lot in an Opportunity Zone. The property is near the busway, Walmart, shopping, and dining, with access to the Florida Turnpike and the Florida Keys. Twelve units are leased month to month, and four leases are through Section 8. The property has no liens, violations, or open permits, and the reported cap rate is over 7%.
The building occupies a 24,212-square-foot corner lot in an Opportunity Zone. The property is near the busway, Walmart, shopping, and dining, with access to the Florida Turnpike and the Florida Keys. Twelve units are leased month to month, and four leases are through Section 8. The property has no liens, violations, or open permits, and the reported cap rate is over 7%.
Key Highlights
- 16‑unit multifamily building with 15,231 square feet
- Unit mix includes 13 two‑bedroom/one‑bath units and 3 converted three‑bedroom/one‑bath units
- Situated on a 24,212‑square‑foot corner lot in an Opportunity Zone
Property Analytics
Property Profile
Current Use
Lease Details
16
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,600
Businesses Nearby
Explore this area
Business Placement
Demographics for 33030, FL
36,776
Population
11,217
Households
3.3
Avg Household Size
33
Median Age
15%
College-Educated
61%
High-School Grad
17.6 sq mi
ZIP Area
2,090
Density / Sq Mi
$43,231
Median Household Income
$28,214
Median Earnings
$1,307
Median Rent
$382,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-story multifamily property with impact windows, updated kitchens and bathrooms, and controlled entry.
Where is this apartment building located?
The property is located at 601 South Flagler Avenue Homestead, FL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 16‑unit multifamily building with 15,231 square feet; Unit mix includes 13 two‑bedroom/one‑bath units and 3 converted three‑bedroom/one‑bath units; Situated on a 24,212‑square‑foot corner lot in an Opportunity Zone
