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PRINCETON TOWNHOMES 24705 SW 129th Ave 15 Unit Apartment Building $8,375,520 CAD ($558,368 CAD/Unit) 5.50% Cap Rate Homestead, FL 33032

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INVESTMENT HIGHLIGHTS

  • PRINCETON SUB MARKET
  • ALL 3 BDRMS
  • BUILT in 2023
  • 100% occupied

EXECUTIVE SUMMARY

24705 SW 129 AVE | MIAMI, FL 33032
RE/MAX 360 proudly presents Princeton Townhomes.
Princeton Townhomes consists of a roughly 32,670 SF Lot with (15) brand-new modern designed (2)
story townhomes. Five similar models ranging in size from just under 1,400 SF to 1,550 SF.
Princeton is quickly becoming the jewel of South Dade with major developers like LENNAR and DR
HORTON are in full production mode in the very near vicinity.
Princeton Townhomes offers a fantastic point of difference
on what is quickly becoming "Princeton's" main corridor.

ATTACHMENTS

Princeton Townhomes 24705 SW 129 Ave
FINAL RENTAL PRICE WORKSHEET UPDATED2024 - OWNER

FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $8,375,520 CAD
Price Per Unit $558,368 CAD
Sale Type Investment
Cap Rate 5.50%
Sale Condition Deferred Maintenance
No. Units 15
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Townhome
Building Class B
Lot Size 0.75 AC
Building Size 24,920 SF
Average Occupancy 90%
No. Stories 2
Year Built 2023
Parking Ratio 1.36/1,000 SF
Zoning R2 - Multifamily Folio: 30-6923-000-1142 Lot Area: 32,670 SF 15 Units | 3 Beds | 2.5 Bath Built 2023 Cashflow Multi- Family

AMENITIES

UNIT AMENITIES

  • Balcony
  • Cable Ready
  • Dishwasher
  • Crown Molding
  • High Speed Internet Access
  • Yard
  • Dining Room

SITE AMENITIES

  • Controlled Access
  • Trash Pickup - Curbside

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
3+2 15 $4,013 CAD -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
30-6923-000-1142
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$5,153,332 CAD
  • Listing ID: 35000051

  • Date on Market: 2025-03-03

  • Last Updated:

  • Address: 24705 SW 129th Ave, Homestead, FL 33032

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