31-Unit Multifamily
29929 SW 159, Homestead, FL 33033
For Sale
New
$7,000,000
Eight low-rise buildings offer a mix weighted toward two-bedroom, one-bath apartments in the Homestead–Florida City area.
Property Size1,058 SF
Price / SF$6,616
Days on Market4
Property Features for 29929 SW 159
General Information
Standard status
Size
Property subtype
Occupancy
Property Condition
Severity
Evidence
Additional Details
Multifamily Units
Tenant in Place
Building Details
Year Built
Buildings
Listing Agency:
Albo Realty Group Inc.
(786) 382-0520
Listed By:
Jose M Revilla-Albo · License FL #3220517
(305) 305-6713
Source:
Lehmannflorida
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 at 2:12PM
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 Albo Realty Group Inc.
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Investment Insights
Based on property information with market context.
The portfolio comprises eight walk-up apartment buildings with 31 units, arranged across one- and two-story structures. The unit mix leans toward two-bedroom, one-bath apartments. Built in 1973, the properties are 67.7% occupied, with 21 apartments rented and 10 vacant; units require improvement work.
Two of the buildings contain four units apiece. With additional work, those structures have been identified as candidates for expansion to eight units each, which would increase the combined portfolio count from 31 to 39 units. The properties are in the Homestead–Florida City area of South Miami-Dade.
Two of the buildings contain four units apiece. With additional work, those structures have been identified as candidates for expansion to eight units each, which would increase the combined portfolio count from 31 to 39 units. The properties are in the Homestead–Florida City area of South Miami-Dade.
Key Highlights
- Eight low‑rise apartment buildings totaling 31 units
- 67.7% occupied: 21 rented and 10 vacant
- Unit mix weighted toward two‑bedroom, one‑bath apartments
Property Analytics
Lease Details
31
Residential units
67.7%
Occupancy
Location Intelligence
Trade Area within ½ mile
404
Businesses Nearby
Explore this area
Business Placement
Demographics for 33033, FL
66,871
Population
21,426
Households
3.1
Avg Household Size
34
Median Age
23%
College-Educated
79%
High-School Grad
22.3 sq mi
ZIP Area
2,999
Density / Sq Mi
$66,662
Median Household Income
$37,018
Median Earnings
$1,648
Median Rent
$364,700
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in Miami-Dade County, FL
Properties on Market for Apartment buildings in Miami-Dade County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Eight low-rise buildings offer a mix weighted toward two-bedroom, one-bath apartments in the Homestead–Florida City area.
Where is this apartment building located?
The property is located at 29929 SW 159 Homestead, FL.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: Eight low‑rise apartment buildings totaling 31 units; 67.7% occupied: 21 rented and 10 vacant; Unit mix weighted toward two‑bedroom, one‑bath apartments
