186 Northwest 1st Street

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186 Northwest 1st Street

Homestead, FL 33030
Asking Price
$1.50M
Cap Rate
5.97%
Asset Type
Apartment Building Multifamily
Class
Class B

What's Special

Multi-Family | 6 Units | 3,480 Sq Ft <p><strong>DESIRABLE UNIT MIX</strong> </p><p>186 NW 1st Street boasts a desirable unit mix featuring Studio, 1-Bedroom, and 2-Bedroom floor plans, which satisfies the high demand for work-force housing in the greater Miami real estate market. </p><p><strong>ADJACENT VACANT DEVELOPMENT SITE</strong> </p><p>The offering also includes 194 NW 1st Street, an undeveloped 6,732 square foot (0.15-acre) parcel of land, that offers significant upside through the development of additional multi-family uni

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NOI
$80,000
Cap Rate
5.33%
DSCR
0.90
Underwater
Cash-on-Cash
-2.01%
Monthly Payment
$7,421.182
Annual Cash Flow
$-9,054.179

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