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Property profile

29040 Old Dixie Hwy Homestead, FL 33033

FOR SALE
Residential income homes
Property ID
US18-7097389
41,868 SF Built 2017
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Property summary

AI-generated overview

This exceptional investment opportunity presents a portfolio of four contemporary duplexes, totaling eight units, situated on approximately 0.96 acres in Homestead, Florida. Built in 2017, these single-story buildings boast a combined 41,868 square feet and offer 48 parking spaces. The property features six three-bedroom, two-bathroom units and two two-bedroom, two-bathroom units, currently enjoying 100% occupancy. Strategically located near the Miami Busway and US-1 (S Dixie Highway), this portfolio benefits from its proximity to the Southland Mall redevelopment and other recent housing developments, promising significant future growth. The property is also conveniently located near major retailers including Target, Walmart, and Publix. With rents currently below market rate, there's substantial value-add potential for increased profitability. The entire property was recently repainted in October 2024. This turnkey investment offers a compelling opportunity for immediate income generation and long-term appreciation. Detailed financial information is available upon request.

Property profile

Verified
Property type Residential income homes
Year built 2017
Total area 41,868 SF
UPID US18-7097389

Cap rate & NOI

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

Location

29040 Old Dixie Hwy Homestead, FL 33033
Homestead metro
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Value estimations

Realmo proprietary · 4 methods
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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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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