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63 NE 10th St
Homestead, FL 33030 Downtown Homestead

$1,650,000 USD

Apartments For Sale  •  13,574 SF

Property Details

  • Property Type Apartments
  • Total Building Size 8,582 SF
  • Lot Size 0.3 AC
  • Building Class C
  • Year Built 1972
  • Cap Rate 2.67 %
  • Zoning R-3
42 Transit Score
84 Walk Score

Highlights

Value-Add Opportunity with in-place rents approximately 40% below market
Updated Electrical Systems and building recertification in place, reducing near-term capital expenditures
Onsite Parking
Central Air Conditioning & Heating throughout the property
Offered Below Replacement Cost, providing downside protection
Pro-Forma Cap Rate 6.7%

Property Flyers

Financial Summary (Actual)

Net Operating Income: $43,999 USD (2025)
Cap Rate: 2.67 %
Total Expenses: $80,279 USD

Amenities

  • Air Conditioning

Public Transportation

AirportDriveWalkDistance
Miami International 48 min - 31.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 11
Type: Surface
Included in Rent: Yes
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