706 5th St Homestead, FL 33030-6971
This exceptional investment opportunity presents a nine-unit multifamily property located at 706 SW 5th St, Homestead, FL 33030, in Miami-Dade County. The property, built in 1969, boasts a total of 1,732 square feet across a single, one-story building. Currently operating at 100% occupancy, this stabilized investment features nine units, all occupied by month-to-month tenants, providing immediate cash flow and flexibility. The low operating expenses contribute to a strong return on investment. The property's Class C designation reflects its potential for value appreciation through strategic renovations or upgrades. The property's APN is 10-7813-036-0410. This is a rare opportunity to acquire a well-performing multifamily asset in a growing market, offering significant potential for long-term growth and passive income. The asking price for this turnkey investment is $575,000. This property is a solid addition to any portfolio seeking stable, high-occupancy returns.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
1900:RESID,PLANNED UNIT · Homestead, FLHomestead. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.