63 NE 10th St - Apartments FOR SALE


Homestead, FL 33030- Downtown Homestead
$1,650,000 USD
954-529-3017
63 NE 10th St, Homestead, FL for Sale
$1,650,000 USD
Apartments - FOR SALE
1/11
null | 2.67% Cap Rate

63 NE 10th St
Homestead, FL 33030
Downtown Homestead


HIGHLIGHTS

  • Value-Add Opportunity with in-place rents approximately 40% below market
  • Updated Electrical Systems and building recertification in place, reducing near-term capital expenditures
  • Onsite Parking
  • Central Air Conditioning & Heating throughout the property
  • Offered Below Replacement Cost, providing downside protection
  • Pro-Forma Cap Rate 6.7%

OVERVIEW

The Green Village Apartments is a 12 unit apartment building located in the heart of Homestead, Florida at 63 NE 10th Street. It is made up of 12 large one-bedroom & one-bathroom units that average about 715 SF. This opportunity is a true value add deal through mild renovations and implementing proper management. The property has a current 40/10 year recertification, the electric has been updated, select units have updated interiors and there is ample off-street parking.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$122 USD /SF

# OF UNITS

12

PRICE/UNIT

$137,500

CAP RATE

2.67%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Green Village Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

R-3

APN/PARCEL ID

10-7907-033-0080

ASK ABOUT THIS PROPERTY

Felipe EcharteMarcus & MillichapMore Info
954-529-3017

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Felipe EcharteMarcus & MillichapMore Info
954-529-3017

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