1511 NE 8th St - Apartments FOR SALE


Homestead, FL 33033- Outer Homestead/South Dade
$10,999,900 USD
305-219-4751
1511 NE 8th St, Homestead, FL for Sale
$10,999,900 USD
Apartments - FOR SALE
1/7
null | 5.46% Cap Rate

1511 NE 8th St
Homestead, FL 33033
Outer Homestead/South Dade


HIGHLIGHTS

  • Completely renovated and extremely easy to manage
  • very low expenses to operate

OVERVIEW

Skyrise Commercial Real Estate Advisors, is pleased to present the exclusive sale of Elizabeth Gardens of Homestead, a multifamily investment located at 1511, 1521, 1531, 1541 and 1561 NE 8th Street (aka Campbell Drive) in the beautiful City of Homestead, Florida. The community consists of five, charming two-story buildings with a total of 44-residential units. Formerly known as the SkyVista Condominium, the property has since terminated its association and will be delivered as a free market rental community. The property has undergone an extensive renovation that included the installation of a new roof for each building, installation of new hurricane impact windows for each residence, new mini split systems that provide hot and cold climate control for each residence, new kitchen and bathroom cabinets and tops, new vinyl flooring where applicable and more.

FOR SALE DETAILS

PRICE

$10,999,900 USD

PRICE/SF

$500 USD /SF

# OF UNITS

44

PRICE/UNIT

$249,998

CAP RATE

5.46%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Elizabeth Gardens of Homestead

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3 AC

LAND SF

130,680 SF

ZONING

3000

APN/PARCEL ID

10-7908-043-0010,10-7908-043-0020

ASK ABOUT THIS PROPERTY

Eduardo GilSkyrise Commercial RE AdvisorsMore Info
305-219-4751

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Eduardo GilSkyrise Commercial RE AdvisorsMore Info
305-219-4751

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