Commercial property in Homestead, Florida 98.29 sq.m. № 2454796

Property description

We are pleased to offer a portfolio of eight multifamily buildings totaling 31 units Homestad- Florida City area, in South Miami-Dade. The buildings are low-rise walk-up properties (one- and two-story) with a unit mix weighted toward 2-bedroom/1-bath apartments. The portfolio is currently 67.7% occupied (21 rented, 10 vacant), and the units are in need of improvement. BLDG 1 & BLDG 8 are two-story buildings with 4 units each. In our assessment, with additional work each could be converted into an 8-unit building, doubling the unit count in each building (from 8 units to 16 across the two) and bringing the portfolio from 31 to 39 units