Log In/Sign Up
Your email has been sent.
Green Village Apartments 63 NE 10th St 12 Unit Apartment Building $2,291,767 CAD ($190,981 CAD/Unit) 2.67% Cap Rate Homestead, FL 33030
INVESTMENT HIGHLIGHTS
- Value-Add Opportunity with in-place rents approximately 40% below market
- Onsite Parking
- Offered Below Replacement Cost, providing downside protection
- Updated Electrical Systems and building recertification in place, reducing near-term capital expenditures
- Central Air Conditioning & Heating throughout the property
- Pro-Forma Cap Rate 6.7%
EXECUTIVE SUMMARY
The Green Village Apartments is a 12 unit apartment building located in the heart of Homestead, Florida at 63 NE 10th Street. It is made up of 12 large one-bedroom & one-bathroom units that average about 715 SF. This opportunity is a true value add deal through mild renovations and implementing proper management. The property has a current 40/10 year recertification, the electric has been updated, select units have updated interiors and there is ample off-street parking.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$177,508
|
$13.08
|
| Other Income |
$3,984
|
$0.29
|
| Vacancy Loss |
$8,875
|
$0.65
|
| Effective Gross Income |
$172,616
|
$12.72
|
| Taxes |
$36,954
|
$2.72
|
| Operating Expenses |
$74,549
|
$5.49
|
| Total Expenses |
$111,504
|
$8.21
|
| Net Operating Income |
$61,112
|
$4.50
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $177,508 |
| Annual Per SF | $13.08 |
| Other Income (CAD) | |
|---|---|
| Annual | $3,984 |
| Annual Per SF | $0.29 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $8,875 |
| Annual Per SF | $0.65 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $172,616 |
| Annual Per SF | $12.72 |
| Taxes (CAD) | |
|---|---|
| Annual | $36,954 |
| Annual Per SF | $2.72 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $74,549 |
| Annual Per SF | $5.49 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $111,504 |
| Annual Per SF | $8.21 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $61,112 |
| Annual Per SF | $4.50 |
PROPERTY FACTS
| Price | $2,291,767 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $190,981 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.30 AC |
| Cap Rate | 2.67% | Building Size | 8,582 SF |
| Gross Rent Multiplier | 12.91 | No. Stories | 2 |
| No. Units | 12 | Year Built | 1972 |
| Property Type | Multifamily | Parking Ratio | 1.28/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R-3 | ||
| Price | $2,291,767 CAD |
| Price Per Unit | $190,981 CAD |
| Sale Type | Investment |
| Cap Rate | 2.67% |
| Gross Rent Multiplier | 12.91 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 8,582 SF |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 1.28/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | $1,233 CAD | 715 |
1 1
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | 10-7907-033-0080 | Total Assessment | $1,180,725 CAD |
| Land Assessment | $0 CAD | Annual Taxes | $36,954 CAD ($4.31 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
10-7907-033-0080
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,180,725 CAD
Annual Taxes
$36,954 CAD ($4.31 CAD/SF)
Tax Year
2025
1 of 12
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Green Village Apartments | 63 NE 10th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.