26720 Old Dixie Hwy - Apartments FOR SALE


Homestead, FL 33032- Outer Homestead/South Dade
$9,500,000 USD
305-613-4507
26720 Old Dixie Hwy, Homestead, FL for Sale
$9,500,000 USD
Apartments - FOR SALE
1/24
null | 6% Cap Rate

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


HIGHLIGHTS

  • Newly built multifamily community with 32 units
  • Immediate in-place income and strong occupancy trends
  • Current rents below market, offering clear upside
  • Prime location near US-1 and South Dade Transitway
  • Situated in an Opportunity Zone with potential tax benefits

OVERVIEW

Dixie Village offers investors a rare chance to acquire a newly constructed, income-producing multifamily asset in the high-growth South Miami-Dade corridor. Delivered in 2023, this 32-unit community combines modern design, efficient layouts, and market-appropriate finishes that resonate with today’s workforce renters. The property is strategically positioned along Old Dixie Highway, providing seamless connectivity to US-1 and the South Dade Transitway, ensuring convenient access to major employment hubs and future transit enhancements. Current rents are operating below prevailing market levels, creating a clear path for revenue growth. With projected NOI exceeding $550,000 and a cap rate in the 6% range, Dixie Village delivers immediate cash flow with measurable upside potential. The surrounding submarket benefits from robust population growth, infrastructure investment, and sustained demand for attainable housing, supported by occupancy rates averaging 96.5% over the past five years. Located within an Opportunity Zone, the asset offers potential tax advantages for qualifying investors, further enhancing its appeal. The property’s large floor plans, contemporary finishes, and durable construction position it as a long-term performer in a market characterized by limited supply and strong renter retention. Nearby attractions such as Zoo Miami, Everglades National Park, and Southplace City Center underscore the area’s economic vitality and lifestyle appeal.

FOR SALE DETAILS

PRICE

$9,500,000 USD

PRICE/SF

$197 USD /SF

# OF UNITS

32

PRICE/UNIT

$296,875

CAP RATE

6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

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 Fernandez, CCIM, MSIRECushman & WakefieldMore Info
305-613-4507

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

Virgilio Fernandez, CCIM, MSIRECushman & WakefieldMore Info
305-613-4507

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