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Investment Highlights

  • Desirable Unit Mix
  • Stable Asset With Rent Growth
  • Capital Improvement
  • Adjacent Vacant Development Site
  • Superior Location
  • Economic Drivers

Executive Summary

Horvath & Tremblay is pleased to present the exclusive sale of a multifamily investment property located at 186 NW 1st Street in Homestead, Florida (the “Property”). The two-story building contains a total of six (6) residential units comprised of one (1) Studio unit, four (4), 1-Bedroom/1- Bathroom units and one (1), 2-Bedroom/1-Bathroom unit with 3,480 square feet of living area in 3,480 square feet of total area on a 0.16-acre parcel of land. The Property has been well-maintained by the current ownership and includes eight (8) on-site parking spaces. Additionally, the offering also includes 194 NW 1st Street, an undeveloped 6,732 square foot (0.15-acre) parcel of land, that offers significant upside through the development of additional multi-family units. 186 NW 1st Street enjoys a desirable location in the heart of Downtown Homestead. The well-maintained Property is positioned in a quiet residential enclave and is one block from W Mowrey Drive, and is convenient to Flagler Avenue, Campbell Drive and US Route 1, three of the area’s primary commercial and commuter corridors. The Property provides outstanding access to Downtown Homestead and the employment, education, and entertainment venues the city offers. Additionally, the Homestead Air Reserve Base and Homestead-Miami Speedway are both within a few miles of the Property. 186 NW 1st Street provides a rare opportunity to own a well-maintained and attractive, multi-family Property with value-add potential in the heart of Downtown Homestead.

Property Facts

Price $2,070,705 CAD
Price Per Unit $345,118 CAD
Sale Type Investment
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.16 AC
Building Size 3,480 SF
Average Occupancy 100%
No. Stories 2
Year Built 1958
Parking Ratio 2.3/1,000 SF
Opportunity Zone Yes
Zoning R-3 - Residential/Multifamily

Amenities

Unit Amenities

  • Air Conditioning
Moderately walkable
60/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
10-7813-021-0170
Land Assessment
$208,462 CAD
Improvements Assessment
$680,036 CAD
Total Assessment
$888,498 CAD
  • Listing ID: 37767144

  • Date on Market: 2025-09-22

  • Last Updated:

  • Address: 186 NW 1st St, Homestead, FL 33030

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