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186-194 NW 1st St 186 NW 1st St 6 Unit Apartment Building $2,070,705 CAD ($345,118 CAD/Unit) Homestead, FL 33030



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 | Lot Size | 0.16 AC |
| Price Per Unit | $345,118 CAD | Building Size | 3,480 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 2.3/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | R-3 - Residential/Multifamily | ||
| 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
1 1
Moderately walkable
60/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 10-7813-021-0170 | Improvements Assessment | $680,036 CAD |
| Land Assessment | $208,462 CAD | Total Assessment | $888,498 CAD |
Property Taxes
Parcel Number
10-7813-021-0170
Land Assessment
$208,462 CAD
Improvements Assessment
$680,036 CAD
Total Assessment
$888,498 CAD
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186-194 NW 1st St | 186 NW 1st St
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