525 SW 1st Ave, Homestead FL 33030 | Miami-Dade County | A12000553
  • $2,050,000

Description

525 SW 1st Avenue is a 12-unit building located in Homestead, FL. The property is made up of 12 expansive 802 SF 1 bedroom 1 bathroom apartments with walk in closets, full size kitchens formal dining and living areas. The units all feature central air conditioning along with impact windows and doors. These spacious units provide an owner with long term tenants and excellent average rent of $1,560. The property ais up to date with the 40-year recertification through the City of Homestead . This asset allows an investor to step in to an asset that is producing excellent cashflow along with some rental upside through more section 8 tenants and other potential strategies. The new owner of the property will be stepping into a building with excellent in place cashflow but will still have some rental upside. The building is well suited for section 8 and market rate tenants with the significant amount of employment in South Dade and the Florida Keys. These units provide essential workforce housing in a high occupancy market and will standout amongst rental product available in the area due to size and condition. Area rents are continually increasing as the demand for affordable housing expands throughout South Florida.

  • Address: 1st Ave
  • City: Homestead
  • Zip/Postal Code: 33030

Details

Updated on July 2, 2026 at 7:48 am
  • Property ID A12000553
  • Price $2,050,000
  • Year Built 1973
  • Property Status Active, Commercial Sale

Additional details

  • Cooling Central Individual A/C
  • Annual Tax 28906
  • Association No
  • Private Pool No
  • Listing Terms All Cash, Conventional/Refinance, Exchange
  • Waterfront No
  • Total Stories 2
  • Parking Common
  • Heating Central Individual A/C
  • Tax Year 2025
  • Construction CBS Construction
  • Building Area 9628
  • Flood Zone X
  • New Construction No
  • Lot Size (Sq Ft) 14500

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Christopher Lazaro

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