305-613-4507
26720 Old Dixie Hwy, Homestead, FL for Sale
Apartments - FOR SALE
1/20
null | Request Cap Rate

26720 Old Dixie Hwy
Homestead, FL 33032
Outer Homestead/South Dade


HIGHLIGHTS

  • Newly built 32-unit multifamily project delivering immediate in-place income
  • Stabilized asset generating projected NOI over $550K with a current cap rate near 6%+
  • Rents are slightly below market with clear upside as surrounding rates continue to climb
  • Located along Old Dixie Highway with access to US-1, major job centers, and future transit expansion
  • Positioned in an Opportunity Zone within a rapidly growing South Dade submarket undergoing significant investment

OVERVIEW

Colliers is pleased to present a rare opportunity to acquire a newly built multifamily complex in a high-growth corridor of South Miami-Dade. The property consists of 32 newly constructed rental units, built to modern standards and providing immediate in-place income with minimal operational risk. The unit mix caters to workforce housing demand, and the property features durable construction, ample parking, and market-appropriate finishes. With a projected NOI north of $550K and limited nearby supply, the asset delivers both yield and long-term upside. Current rents are below market, offering clear upside as surrounding rental rates continue to climb.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

32

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Old Dixie Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

NCUC

APN/PARCEL ID

30-6933-036-0010

ASK ABOUT THIS PROPERTY

Virgilio FernandezColliersMore Info
305-613-4507

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Virgilio FernandezColliersMore Info
305-613-4507

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