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Multifamily

Village Homes

17255 SW 95th Ave, Palmetto Bay, FL 33157

Listing Price: $2,210,000

Cap Rate
4.65%
Number of Units
17
Occupancy
100.0%
Price/Unit
$130,000
Price/Gross SF
$170.99
Gross SF
12,925

Investment Overview

Marcus & Millichap, as exclusive listing broker, is pleased to offer for sale, Village Homes, a 17-unit fractured condominium located at 17255 SW 95th Avenue in Palmetto Bay, Florida. The community was built in 1971 of concrete block construction. Village Homes offers gated entrance, green spaces, two large laundry facilities, a playground, pool, leasing office and a club house which is undergoing renovation. The unit mix is comprised of eight one-bedroom / one-bathroom units, seven two-bedroom / one-bathroom units and two, two-bedroom / two-bathroom units. The units have undergone renovations in the last five years including new bathrooms, kitchen cabinets, floors, appliances, among others. The units offer large floor plans with storage spaces and central air-conditioning system. The one-bedroom units offer one assigned parking space, and the two-bedroom units offer two parking spaces. Village Homes is situated in the Village of Palmetto Bay, which is a vibrant community located in South Miami Dade. The Village of Palmetto Bay’s boundaries extend from the centerline of Southwest 136th Street, south to the centerline of Southwest 184th Street, expanding west to the centerline of South Dixie Highway, including the center “commercial island” and east to Biscayne Bay. According to the last census, there are more than 24,000 residents and the community is still growing at a fast pace. Village residents enjoy the benefits of an extensive park system five Village parks and two county facilities. In addition, there is an extensive commercial activity along the South Dixie Highway corridor which is easily accessible from any location within the Village limits. Restaurants, retail services, lodging and shopping venues from national chains to family-owned enterprises are among the Village’s commercial base.

Investment Highlights

  • Fractured Condominium of 17 Units
  • Spacious Floor Plans
  • Well Maintained Community
  • Upside in Rental Income
  • Ease of Management

Exclusively Listed By

Listing Price: $2,210,000

Cap Rate
4.65%
Number of Units
17
Occupancy
100.0%
Price/Unit
$130,000
Price/Gross SF
$170.99
Gross SF
12,925

Investment Highlights

  • Fractured Condominium of 17 Units
  • Spacious Floor Plans
  • Well Maintained Community
  • Upside in Rental Income
  • Ease of Management

Investment Overview

Marcus & Millichap, as exclusive listing broker, is pleased to offer for sale, Village Homes, a 17-unit fractured condominium located at 17255 SW 95th Avenue in Palmetto Bay, Florida. The community was built in 1971 of concrete block construction. Village Homes offers gated entrance, green spaces, two large laundry facilities, a playground, pool, leasing office and a club house which is undergoing renovation. The unit mix is comprised of eight one-bedroom / one-bathroom units, seven two-bedroom / one-bathroom units and two, two-bedroom / two-bathroom units. The units have undergone renovations in the last five years including new bathrooms, kitchen cabinets, floors, appliances, among others. The units offer large floor plans with storage spaces and central air-conditioning system. The one-bedroom units offer one assigned parking space, and the two-bedroom units offer two parking spaces. Village Homes is situated in the Village of Palmetto Bay, which is a vibrant community located in South Miami Dade. The Village of Palmetto Bay’s boundaries extend from the centerline of Southwest 136th Street, south to the centerline of Southwest 184th Street, expanding west to the centerline of South Dixie Highway, including the center “commercial island” and east to Biscayne Bay. According to the last census, there are more than 24,000 residents and the community is still growing at a fast pace. Village residents enjoy the benefits of an extensive park system five Village parks and two county facilities. In addition, there is an extensive commercial activity along the South Dixie Highway corridor which is easily accessible from any location within the Village limits. Restaurants, retail services, lodging and shopping venues from national chains to family-owned enterprises are among the Village’s commercial base.

Exclusively Listed By

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