32-Unit Apartment
For Sale
Contact for pricing
320 SW 11 AVE, Homestead, FL 33030
Six-building multifamily portfolio with one- and two-bedroom apartments in Homestead, Florida.
Property Size16,992 SF
Lot Size1.18 Acres
Price / SF$376.65
Days on Market110
Property Features for 320 SW 11 AVE
General Information
Standard status
Active
Size
16,992 SF
Net Rentable
16,992 SF
Total Parking Spaces
48
Lot size
1.18 Acres
Property subtype
Multifamily
Zoning
SWPUN-TMF
Occupancy
98%
Investment Type
Stabilized
Net Operating Income
$388,168
Additional Details
Highway Access
Yes
Multifamily Units
32
Building Details
Year Built
1959
Buildings
6
Units
32
Listing Agency:
Premier Properties
Listed By:
Jorge Ruiz · License #3220355
(786) 953-2173
Source:
Crexi
Added: Jun 30
Changed: Oct 15
Last Checked: Oct 16 at 6:27AM
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 Premier Properties
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Investment Insights
Based on property information with market context.
Homestead Six comprises 32 apartment units across six buildings, with approximately 16,992 rentable square feet on 1.18 acres. The unit mix includes one-bedroom and two-bedroom apartments, and the improvements date to 1959. The property is zoned SWPUN-TMF.
The portfolio is located at 320 SW 11 AVE in Homestead, Florida, near employment centers, shopping, schools, and the Florida Turnpike. In-place rents are below market, creating an opportunity to adjust rents as leases renew while preserving occupancy. The six-building configuration provides a multifamily acquisition with multiple residential structures and an established one- and two-bedroom unit mix.
The portfolio is located at 320 SW 11 AVE in Homestead, Florida, near employment centers, shopping, schools, and the Florida Turnpike. In-place rents are below market, creating an opportunity to adjust rents as leases renew while preserving occupancy. The six-building configuration provides a multifamily acquisition with multiple residential structures and an established one- and two-bedroom unit mix.
Key Highlights
- 32 apartment units across six buildings
- Approximately 16,992 rentable square feet on 1.18 acres
- One‑bedroom and two‑bedroom apartment mix
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$261,325
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,226,500
$5.2M
Cap Rate 7%
$3,733,214
$3.7M
Cap Rate 9%
$2,903,611
$2.9M
Market Conditions
NOI Build-Up for 16,992 SF
Gross rent
$497.5K $29.28/SF
− Vacancy
−$22.4K −$1.32/SF
EGI
$475.1K $27.96/SF
− OpEx
−$213.8K −$12.58/SF
NOI
$261.3K $15.38/SF
Area
Miami-Dade County, FL
Vacancy
4.50%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,226,500
Cap Rate 7%
$3,733,214
Cap Rate 9%
$2,903,611
Alternative Uses
Best Use
Apartment 5plus
$3.73M
$3.27M – $4.36M
NOI $261,325 @ 7.0% cap · market cap 4.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.62M
$7.54M – $10.06M
NOI $603,453 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
32
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
760
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Six-building multifamily portfolio with one- and two-bedroom apartments in Homestead, Florida.
Where is this apartment building located?
The property is located at 320 SW 11 AVE Homestead, FL.
What is the asking price?
The asking price for this property is $6,400,000.
What are key features of this property?
This property features: 32 apartment units across six buildings; Approximately 16,992 rentable square feet on 1.18 acres; One‑bedroom and two‑bedroom apartment mix
