525 SW 1st Ave

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525 SW 1st Ave

Homestead, FL 33030
Asking Price
$2.05M
Asset Type
Multifamily
Class
Class B

What's Special

525 SW 1st Ave is situated in the south-central district of Homestead, Florida, within a residential neighborhood characterized by a mix of single-family homes and mid-density developments. The property offers proximity to the Homestead historic downtown core, providing residents with access to local retail, dining, and municipal services. Transportation access is supported by the nearby US-1 corridor and the Florida Turnpike, facilitating commutes to the Greater Miami area and the Florida Keys. Public transit options, including several bus routes, are available within walking distance. As a multifamily asset, this location is suited for long-term rental housing or workforce housing initiatives. The typical tenant profile consists of local service workers, agricultural sector professionals, and commuters who require functional living spaces with regional connectivity. The property serves individuals or small families seeking an established residential setting near employment hubs in South Miami-Dade. Given the regional demand for housing, the site is positioned for steady occupancy by a diverse demographic of renters focused on proximity to transit and essential urban amenities.

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NOI
$80,000
Cap Rate
3.90%
DSCR
0.66
Underwater
Cash-on-Cash
-6.78%
Monthly Payment
$10,142.281
Annual Cash Flow
$-41,707.378

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