Fourplex with Development
For Sale
$1,475,000
520 SW Krome Ter, Homestead, FL 33030
Fourplex near Krome Avenue with development potential and steady income.
Property Size3,907 SF
Days on Market218
Property Features for 520 SW Krome Ter
General Information
Standard status
Active
Size
3,907 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$9,162
Building Details
Building Size
3,907 SF
Year Built
1972
Stories
2
Listing Agency:
Charleemax Realtors
Listed By:
Aliette Perez · License #3352147
(305) 216-3433
Source:
Elliman
Added: Mar 11
Changed: Oct 3
Last Checked: Oct 12 at 9:17PM
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.
This fourplex is located just off Krome Avenue, near US-1, and minutes from downtown Homestead. Each of the four units includes 2 bedrooms and 1 bath. The property has a 40-year recertification valid through June 27, 2032. The listing includes the fourplex with two neighboring lots, offering development potential. This property is suitable for investors seeking immediate cash flow.
Key Highlights
- Fourplex providing immediate and steady rental income.
- Includes two neighboring lots, increasing property size and value.
- Located in a high‑growth area near Krome Avenue, US‑1, and downtown Homestead.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,129
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,302,580
$1.3M
Cap Rate 7%
$930,414
$930.4K
Cap Rate 9%
$723,656
$723.7K
Market Conditions
NOI Build-Up for 3,907 SF
Gross rent
$98.5K $25.20/SF
− Vacancy
−$5.4K −$1.39/SF
EGI
$93.0K $23.81/SF
− OpEx
−$27.9K −$7.14/SF
NOI
$65.1K $16.67/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,302,580
Cap Rate 7%
$930,414
Cap Rate 9%
$723,656
Alternative Uses
Best Use
Multifamily LT 5
$930.4K
$814.1K – $1.09M
NOI $65,129 @ 7.0% cap · market cap 4.42%
Second Best
Apartment 5plus
$858.4K
$751.1K – $1.00M
NOI $60,087 @ 7.0% cap · market cap 4.07%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,753 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Fourplex near Krome Avenue with development potential and steady income.
Where is this quadplex located?
The property is located at 520 SW Krome Ter Homestead, FL.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: Fourplex providing immediate and steady rental income.; Includes two neighboring lots, increasing property size and value.; Located in a high‑growth area near Krome Avenue, US‑1, and downtown Homestead.
