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1148 SE 2nd St 4 Unit Apartment Building $2,193,264 CAD ($548,316 CAD/Unit) 6.48% Cap Rate Homestead, FL 33030
Investment Highlights
- Conveniently located near the Florida Turnpike and US-1 for regional connectivity.
- Positioned within a growing residential corridor in South Florida.
Executive Summary
Rare four-unit townhome portfolio in Florida City, Florida — the southernmost municipality in Miami-Dade County. This package offering consists of four separate townhome units on individual folios (parcels), sold together as a single commercial investment deal. The units are not attached to each other and are fully leased, well-maintained, and deliver immediate, stabilized cash flow. With 100% occupancy, a proven rent roll, and a current cap rate of 6.48%, this asset is primed to deliver strong risk-adjusted returns from day one. Strategically positioned near the Florida Turnpike and US-1, the properties benefit from robust workforce housing demand driven by proximity to Homestead employment corridors, Everglades National Park, and the Florida Keys. With rental growth momentum throughout South Florida's most affordable submarkets, this portfolio of detached townhomes represents a compelling acquisition opportunity for value-add and income investors alike.
Property Facts
| Price | $2,193,264 CAD | Building Class | B |
| Price Per Unit | $548,316 CAD | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 1,615 SF |
| Cap Rate | 6.48% | Average Occupancy | 100% |
| Sale Condition | Bulk/Portfolio Sale | No. Stories | 2 |
| No. Units | 4 | Year Built | 2025 |
| Property Type | Multifamily | Parking Ratio | 4.95/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Townhome | ||
| Zoning | 9300 - PLANNED UNIT DEVELOPMENT | ||
| Price | $2,193,264 CAD |
| Price Per Unit | $548,316 CAD |
| Sale Type | Investment |
| Cap Rate | 6.48% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.22 AC |
| Building Size | 1,615 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2025 |
| Parking Ratio | 4.95/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | 9300 - PLANNED UNIT DEVELOPMENT |
Amenities
Unit Amenities
- Air Conditioning
- Storage Space
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Carpet
Site Amenities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3 | 3 | $3,424 CAD | 1,545 |
| 4+3 | 1 | $3,907 CAD | 1,615 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Minimal public transit
10/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $1,058,716 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,058,716 CAD
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1148 SE 2nd St
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