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Property profile

1167 8Th Ave Homestead, FL 33030

OFF-MARKET
Apartment buildings
Property ID
US19-0791835
2,137 SF Built 1972
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Property summary

AI-generated overview

This charming 1-story, 2,137 square foot duplex located at 1167 NW 8th Ave, Homestead, FL 33030 presents a fantastic investment opportunity. Built in 1972, this property boasts two units: a 2-bedroom, 1-bathroom and a 3-bedroom, 1-bathroom. Currently occupied by long-term month-to-month tenants, the property offers immediate income potential with rents significantly below market value, allowing for substantial rental increases. Recent improvements include a fresh coat of paint throughout and well-maintained bathrooms. The electrical system was professionally updated eight years ago, complete with permits, and the property features two separate meters for efficient utility management. A spacious backyard adds to the property's appeal. Situated in a desirable rental area of Homestead within Miami-Dade County, this legal duplex is an exceptional addition to any investment portfolio. The property's strong fundamentals, combined with its upside potential, make it an attractive proposition for savvy investors seeking immediate returns and long-term growth. This is a rare opportunity to acquire a well-maintained, income-producing property in a thriving South Florida market.

Property profile

Verified
Property type Apartment buildings
Year built 1972
Total area 2,137 SF
UPID US19-0791835

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1167 8Th Ave Homestead, FL 33030
Homestead metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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