$889,000
1207 NE 1st Ave, Homestead FL 33030
12 days on market
- Living area
- 2,484 sqft
- Price per sqft
- $358
- Type
- Quadruplex
- Year built
- 1990
- Taxes
- $6,900/yr
- MLS #
- A12108749
About this home
Investment opportunity in Homestead! This fourplex offers substantial income growth potential and a new roof completed with permits. An opportunity for investors seeking a multifamily asset with room to improve rental performance and build long-term value. With four income-producing units, the property offers multiple rental streams and significant future upside through strategic management and rent optimization. Projected annual net operating income of nearly $85,000 assumes registration with the local housing authority and achievement of projected rents, subject to program approval, applicable inspections, and operating expenses. This figure represents potential future performance and is not current or guaranteed income. Buyers should independently verify existing rents, leases, expenses, program requirements, and financial projections during due diligence. The recently completed permitted roof adds value while addressing a major building component. Whether expanding an existing portfolio or pursuing a multifamily investment with room for growth, this fourplex offers an opportunity to capitalize on its untapped rental potential. Tenant occupied. Please do not disturb tenants or enter the property without a confirmed appointment. All showings are by appointment only.
Estimated subtotal
$575/mo
- Principal and interestThe current market rate is not available right now. Enter the rate your lender quoted.
- Not included
- Property taxMLS 2025 annual tax, shown monthly
- $575
- HOANot in the MLS record
- Not included
The current market rate is not available right now. Enter the rate your lender quoted.
Estimate. Jumbo and investor loans are often priced differently; verify with your lender. Property tax is the seller's current bill and may be reassessed after purchase. Items marked Not included are not in this total.
Is this the right price?
We send written comps, the full cost of owning it and an offer strategy before you tour or offer.
The neighborhood
Homestead, 33030
Listing courtesy of Brown Harris Stevens
Listing data provided by the Miami Association of Realtors MLS, deemed reliable but not guaranteed.