24940 SW 135th Ave - Apartments FOR SALE


Homestead, FL 33032
$5,350,000 USD
305-219-0591
24940 SW 135th Ave, Homestead, FL for Sale
$5,350,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

24940 SW 135th Ave
Homestead, FL 33032


HIGHLIGHTS

  • Multifamily development project has already been approved for construction of 59 units

OVERVIEW

A multifamily development project in the Naranja area is fully approved and ready for construction. This project includes 52 residential units and 7 retail spaces, with all necessary permits in place. The building will consist of 52 units divided into 7 studios, 16 units 1 Bed/ 1 Bath, 27 units 2 Bed/ 1 Bath, 2 3 Bed/ 2 Bath and 7 retail spaces. The sale of the land includes these approved plans and permits. Additionally, there is potential to expand the project to up to 6 floors, allowing for higher density. Notably, recent sales in the area have not included plans or permits, and one was a Real Estate Owned (REO) property. A multifamily development project in the Naranja area is fully approved and ready for construction. This 52-unit project, located near US 1 (South Dixie Hwy) between Tropical Ave and SW 136th Rd, offers unique advantages as part of the Urban Core District. Unlike other locations in the area, this prime spot benefits from strategic urban planning and infrastructure. Moreover, the nearby cities of Florida City and Homestead are developing live-work-play zones to minimize commuting and provide residents with new local options for employment and recreation. This forward-thinking approach enhances the appeal and convenience of the Naranja project, making it an ideal investment opportunity.

FOR SALE DETAILS

PRICE

$5,350,000 USD

PRICE/SF

$82 USD /SF

# OF UNITS

52

PRICE/UNIT

$102,885

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ceme Village

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 SF

ZONING

6172 UC CORE - MAIN STREE

APN/PARCEL ID

30-6926-003-0090

ASK ABOUT THIS PROPERTY

Gianfranco Giammattei, PAColdwell Banker Commercial RealtyMore Info
305-219-0591

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Gianfranco Giammattei, PAColdwell Banker Commercial RealtyMore Info
305-219-0591

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