20201 SW 280th St - Apartments FOR SALE


Homestead, FL 33031
$975,000 USD
786-512-0743
20201 SW 280th St, Homestead, FL for Sale
$975,000 USD
Apartments - FOR SALE
1/10
null | 5.65% Cap Rate

20201 SW 280th St
Homestead, FL 33031


HIGHLIGHTS

  • Oversized Parcel | 1.79 AC | Hard Corner
  • Lots of natural light and spacious yard | Agricultural Tax Exemptions
  • Below Market Rents

OVERVIEW

BEAUTIFUL 1937 STONE EXTERIOR MULTIFAMILY ON LARGE LOT OF ~ 1.79AC WITH A VARIETY OF FRUIT TREES (LYCHEE, STARFRUIT, AVOCADO). THIS MULTIFAMILY SITS ON A CORNER LOT, ENCLOSED WITH A FENCE AND THREE ELECTRIC SECURITY GATES ALLOWING FOR THREE SEPARATE ENTRANCES INTO THE PROPERTY, VIA 280th St. and 202nd AVE. PLENTY OF GREEN AREA FOR GARDEN VIEWING. MAIN HOME HAS 3 BEDROOMS WITH 2 BATHS ON FIRST FLOOR AND AN ATTIC THAT HAS BEEN CONVERTED TO A SPACIOUS FOURTH (4) BEDROOM WITH A 1/2 BATHROOM. GORGEOUS ORIGINAL WOOD FLOORS, REMODELED BATHROOMS, FIRE PLACE IN LIVING ROOM AND PLENTY OF NATURAL LIGHT THROUGHOUT. THERE ARE THREE (3) SEPARATE HOMES BUILT ON SITE WHICH ARE RENTED OUT ON A MONTH TO MONTH BASIS BRINGING THE OVERALL RENTAL REVENUE OF THIS PARCEL TO OVER $55K YEARLY.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$163 USD /SF

# OF UNITS

4

PRICE/UNIT

$243,750

CAP RATE

5.65%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Homestead Multifamily

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1937

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.79 AC

LAND SF

77,972 SF

ZONING

9000 AGRICULTURE

APN/PARCEL ID

30-6834-000-0231

ASK ABOUT THIS PROPERTY

Ernesto BernalBorluv, Inc.More Info
786-512-0743

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Ernesto BernalBorluv, Inc.More Info
786-512-0743

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.