20175 SW 256th St

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20175 SW 256th St

Homestead, FL 33031
Asking Price
$2.95M
Asset Type
Multifamily
Class
Class B

What's Special

Located at 20175 SW 256th St in Homestead, Florida, this multifamily property sits within a residential pocket of the Redland area. The neighborhood is characterized by a mix of low-density housing and agricultural land, offering a suburban atmosphere with proximity to the Florida Everglades. Residents have access to local retail centers along the US-1 corridor and Krome Avenue, including grocery stores and dining options. Transportation is supported by nearby access to the Florida Turnpike, facilitating commutes to the Greater Miami area and the Florida Keys. This asset is suited for long-term rental operations targeting a workforce tenant profile. The location typically attracts individuals employed in the local agricultural sector, tourism, or regional logistics hubs. Given its proximity to Homestead Air Reserve Base and local hospital systems, the property serves as a housing option for essential workers seeking a quieter residential setting. The configuration is ideal for investors looking to provide standard market-rate housing within a steady peripheral submarket of Miami-Dade County.

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NOI
$80,000
Cap Rate
2.71%
DSCR
0.46
Underwater
Cash-on-Cash
-10.75%
Monthly Payment
$14,594.99
Annual Cash Flow
$-95,139.885

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