12-Unit Apartment
525 Southwest 1st Avenue Homestead, FL 33030
For Sale
$2,050,000
Twelve 1-bedroom units feature central A/C, impact windows and doors, and full-size kitchens with formal living and dining areas.
Property Size9,628 SF
Price / SF$212.92
Days on Market201
Property Features for 525 Southwest 1st Avenue
General Information
- Standard status
- Active
- Size
- 9,628 SF
- Property subtype
- Commercial Sale / Multi Family
Building Details
- Year Built
- 1973
Listing Agency:
MSP Group, LLC
(786) 671-0154
Listed By:
Samuel John Mekras · License #3341183
(786) 671-0154
Source:
Compass
Added: Jan 4
Changed: Jul 22
Last Checked: Jul 23 at 6:32AM
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 MSP Group, LLC
Investment Insights
Based on property information with market context.
This 12-unit apartment building contains spacious 1-bedroom, 1-bath residences with walk-in closets. Each unit includes full-size kitchens with formal dining and living areas, along with central air conditioning and impact windows and doors. The property has completed the City of Homestead 40-year recertification and is presented as up to date.
The building is located at 525 Southwest 1st Avenue in Homestead, FL. It is configured to serve both section 8 and market-rate tenants, supported by the area’s employment presence in South Dade and the Florida Keys.
With all units described as 802 SF, the offering provides a stabilized multifamily asset consisting of consistent, similarly sized layouts within one well-maintained building.
The building is located at 525 Southwest 1st Avenue in Homestead, FL. It is configured to serve both section 8 and market-rate tenants, supported by the area’s employment presence in South Dade and the Florida Keys.
With all units described as 802 SF, the offering provides a stabilized multifamily asset consisting of consistent, similarly sized layouts within one well-maintained building.
Key Highlights
- 12‑unit multifamily building in Homestead, FL built in 1973
- Each unit is 1 bed / 1 bath with 802 SF and includes walk‑in closets
- Units feature central A/C and impact windows and doors
Financial Insights For Apartment 5plus
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 | $281.9k | $29.28 |
| − Vacancy | −$12.7k | −$1.32 |
| EGI | $269.2k | $27.96 |
| − OpEx | −$121.1k | −$12.58 |
| NOI | $148.1k | $15.38 |
9,628 SF · lease $29.28/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.12M
$1.85M – $2.47M
NOI $148,072 @ 7.0% cap · market cap 7.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.88M
$4.27M – $5.70M
NOI $341,928 @ 7.0% cap · market cap 16.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
525 sw 1st ...
Waste Management Facility
FAQs
What type of property is this?
Apartment building - Twelve 1-bedroom units feature central A/C, impact windows and doors, and full-size kitchens with formal living and dining areas.
Where is this apartment building located?
The property is located at 525 Southwest 1st Avenue Homestead, FL.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: 12‑unit multifamily building in Homestead, FL built in 1973; Each unit is 1 bed / 1 bath with 802 SF and includes walk‑in closets; Units feature central A/C and impact windows and doors
