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Multifamily

112 NW 10th St

112 NW 10th St, Homestead, FL 33030

Listing Price: $1,800,000

Cap Rate
4.24%
Number of Units
12
GRM
11.41
Occupancy
95.0%
Price/Unit
$150,000

Investment Overview

Marcus & Millichap, as exclusive listing agent, is pleased to offer for sale Wittkop Park Apartments, a 12-unit apartment building located at 112 NW 10th Street in the City of Homestead, Florida. Wittkop Park Apartments was originally constructed in 1955 of concrete block and painted stucco and it has approximately 6,458 gross square feet according to the Miami-Dade Property Appraiser tax record. The current owners have owned the property for over 20 years.

The unit mix is comprised of 2 Studios and 10 one-bedroom / one-bathroom apartment units. Amenities include laundry facility, off-street parking spaces and central courtyard.

Homestead, is the second oldest city located within the Miami-Dade County and is uniquely situated as the Gateway to the Everglades & Biscayne National Parks and the Florida Keys. Just 28 miles from Miami, Homestead is a small-town getaway with a beautiful Historic District. In the last two decades, Homestead has experienced tremendous growth in population and infrastructure. Most of its historic sites have been preserved and its charm has remained intact. Among the Historic Places are The Historic Town Hall, The Seminole Theatre, Landmark Hotel and The Royal Palms on Krome Avenue. In addition, The City of Homestead served as the perfect location for hospitality employees that work in the Florida Keys.

Investment Highlights

  • Excellent Unit Mix
  • Off-Street Parking
  • Upside in Rental Income
  • Concrete Block Construction Building
  • Close to Public Transportation, Schools, Grocery Stores and Employers
  • Laundry Facility

Exclusively Listed By

Financing By

Multifamily

112 NW 10th St

Listing Price: $1,800,000

Cap Rate
4.24%
Number of Units
12
GRM
11.41
Occupancy
95.0%
Price/Unit
$150,000

Investment Highlights

  • Excellent Unit Mix
  • Off-Street Parking
  • Upside in Rental Income
  • Concrete Block Construction Building
  • Close to Public Transportation, Schools, Grocery Stores and Employers
  • Laundry Facility

Investment Overview

Marcus & Millichap, as exclusive listing agent, is pleased to offer for sale Wittkop Park Apartments, a 12-unit apartment building located at 112 NW 10th Street in the City of Homestead, Florida. Wittkop Park Apartments was originally constructed in 1955 of concrete block and painted stucco and it has approximately 6,458 gross square feet according to the Miami-Dade Property Appraiser tax record. The current owners have owned the property for over 20 years. The unit mix is comprised of 2 Studios and 10 one-bedroom / one-bathroom apartment units. Amenities include laundry facility, off-street parking spaces and central courtyard. Homestead, is the second oldest city located within the Miami-Dade County and is uniquely situated as the Gateway to the Everglades & Biscayne National Parks and the Florida Keys. Just 28 miles from Miami, Homestead is a small-town getaway with a beautiful Historic District. In the last two decades, Homestead has experienced tremendous growth in population and infrastructure. Most of its historic sites have been preserved and its charm has remained intact. Among the Historic Places are The Historic Town Hall, The Seminole Theatre, Landmark Hotel and The Royal Palms on Krome Avenue. In addition, The City of Homestead served as the perfect location for hospitality employees that work in the Florida Keys.

Exclusively Listed By

Financing By

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