Property 525 SW 1st Avenue, Homestead, FL 33030 with MLS# A12000553
525 SW 1st Avenue is a 12-unit building located in Homestead, FL. The property is made up of 12 expansive 802 SF 1 bedroom 1 bathroom apartments with walk in closets, full size kitchens formal dining and living areas. The units all feature central air conditioning along with impact windows and doors. These spacious units provide an owner with long term tenants and excellent average rent of $1,560. The property ais up to date with the 40-year recertification through the City of Homestead . This asset allows an investor to step in to an asset that is producing excellent cashflow along with some rental upside through more section 8 tenants and other potential strategies. The new owner of the property will be stepping into a building with excellent in place cashflow but will still have some rental upside. The building is well suited for section 8 and market rate tenants with the significant amount of employment in South Dade and the Florida Keys. These units provide essential workforce housing in a high occupancy market and will standout amongst rental product available in the area due to size and condition. Area rents are continually increasing as the demand for affordable housing expands throughout South Florida.
525 SW 1st Avenue, Homestead, FL 33030
- Price:
- $2,050,000.00
- Original List Price:
- $2,050,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $207.72
- Close Price:
- $2,000,000.00
- Transaction closed on:
- August 28, 2026
- Listing Type:
- Sold
- Status:
- Closed
- Listing Category:
- Commercial Sale
- Property Type:
- Multi Family
- Description of Last Important Update:
- Status Change
- Last Major Update on:
- August 28, 2026 7:49 pm
- Built-Up Area:
- 9,628 Sqft
- Lot Size Acres:
- 0.33
- Air Conditioning
- Air Conditioning System:
- Central Individual
- Heating
- Heating System:
- Central Individual
- Year Built:
- 1973
- Number of Buildings:
- 1
- Number of Units Total:
- 1
- Construction Materials:
- CBS
- Flood Zone Code:
- X
- Tax Annual Amount:
- $28,906.00
- Tax Year:
- 2025
- Parking Features:
- Common
- Senior Community:
- No
- Listing Terms Considered by Seller:
- Cash, Conventional, 1031 Exchange
- Buyer Possession:
- Close Of Escrow
- Tax Legal Description:
- TATUMS ADD NO 1 PB 1-128 LOTS 60 & 61 LOT SIZE 100.000 X 145 75R 245061 OR 20799-2912 1002 1 COC 22637-4967 08 2004 1
- Real Estate Folio Number (Parcel Number):
- 1078130500390
- Zoning:
- 9400
- Active on the market since:
- March 9, 2026
- Listing Agreement executed on:
- March 9, 2026
- Purchase Contract Date:
- August 26, 2026
- Listing Status Last Changed On:
- August 28, 2026 7:49 pm
- Photos updated on:
- August 28, 2026 7:56 pm
- Last Modified:
- August 28, 2026 7:57 pm
- Courtesy of:
- MSP Group, LLC
- Attribution:
- Not provided
- Street Name:
- 1st
- Street Number:
- 525
- City:
- Homestead
- State:
- Florida
- Zip Code:
- 33030
- County:
- Miami-Dade
- Latitude:
- N25° 27' 53''
- Longitude:
- W81° 31' 15.6''
- Street Suffix:
- Avenue
- Street Direction Prefix:
- SW
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Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Air Quality
Source: AirNow.gov · Miami
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