Fourplex with Two Adjacent
520 Southwest Krome Terrace Homestead, FL 33030
For Sale
$1,550,000
Fourplex with four 2-bedroom, 1-bath units and two neighboring lots, plus a 40-year recertification valid through June 27, 2032.
Property Size3,907 SF
Price / SF$396.72
Days on Market368
Property Features for 520 Southwest Krome Terrace
General Information
- Standard status
- Active
- Size
- 3,907 SF
- Property subtype
- Multi-Family Income / Fourplex
Building Details
- Year Built
- 1972
Listing Agency:
Charleemax Realtors
(305) 551-0407
Listed By:
Aliette Perez · License #3352147
(305) 551-0407
Source:
Compass
Added: Jul 22, 2025
Changed: Jul 22
Last Checked: Jul 23 at 6:39AM
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 Charleemax Realtors
Investment Insights
Based on property information with market context.
The property is a fourplex containing four residential units, each configured with 2 bedrooms and 1 bathroom. The listing notes a 40-year recertification that is valid through June 27, 2032.
The building is located just off Krome Avenue near US-1 and described as minutes from downtown Homestead. The offering includes the fourplex along with two neighboring lots.
The provided folio references are 10-7813-050-0370 and 10-7813-050-0381.
The building is located just off Krome Avenue near US-1 and described as minutes from downtown Homestead. The offering includes the fourplex along with two neighboring lots.
The provided folio references are 10-7813-050-0370 and 10-7813-050-0381.
Key Highlights
- 1972‑built fourplex with four units, each featuring 2 bedrooms and 1 bath
- Includes a 40‑year recertification valid through June 27, 2032
- Two neighboring lots included with the fourplex (Folio# 10‑7813‑050‑0370 and 10‑7813‑050‑0381)
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $98.5k | $25.20 |
| − Vacancy | −$5.4k | −$1.39 |
| EGI | $93.0k | $23.81 |
| − OpEx | −$27.9k | −$7.14 |
| NOI | $65.1k | $16.67 |
3,907 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$930.4K
$814.1K – $1.09M
NOI $65,129 @ 7.0% cap · market cap 4.20%
Second Best
Apartment 5plus
$858.4K
$751.1K – $1.00M
NOI $60,087 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,753 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Fourplex with four 2-bedroom, 1-bath units and two neighboring lots, plus a 40-year recertification valid through June 27, 2032.
Where is this quadplex located?
The property is located at 520 Southwest Krome Terrace Homestead, FL.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 1972‑built fourplex with four units, each featuring 2 bedrooms and 1 bath; Includes a 40‑year recertification valid through June 27, 2032; Two neighboring lots included with the fourplex (Folio# 10‑7813‑050‑0370 and 10‑7813‑050‑0381)
