Map of Property

516 SW 9th Ave

516 SW 9th Ave, Homestead, FL 33030

  • For Sale $440,000
  • Property Type Multi-Family
  • Property Size 1,250 SF
  • Units 2
  • Lot Size 0.14 Acre
  • Additional Rent Contact for pricing
  • Year Built 1964
  • Date Updated Jan 10, 2025
MSP Group LLC is proud to be the exclusive listing broker for the duplex located a 516 SW 9th Avenue Homestead, FL 33030 just south of 4th Street that is currently undergoing a major revitalization through the city of Homestead CRA. The property is in proximity to downtown Homestead and all the retail and employment that is located on US-1. Downtown Homestead is home to several retail locations such as Homestead Station, Homestead Plaza, Homestead Towne Square, as well as public service buildings including the Homestead Police Station and City Hall. Additionally, higher education is available. The property is made up of 3 Bedroom 1 bathroom unit currently rented at $2,100 and a 2 Bedroom 1 Bathroom unit rented at $1,800. The property has a flat concrete roof that was replaced in 2022 providing significant saving on insurance. The property is also individually metered for both water and electricity providing and leaving the landlord with very few expenses. Taking into account the new owners property taxes this property is being offered at an attractive cap rate north of 7.5%.MSP Group LLC is proud to be the exclusive listing broker for the duplex located a 516 SW 9th Avenue Homestead, FL 33030 just south of 4th Street that is currently undergoing a major revitalization through the city of Homestead CRA. The property is in proximity to downtown Homestead and all the retail and employment that is located on US-1. Downtown Homestead is home to several retail locations such as Homestead Station, Homestead Plaza, Homestead Towne Square, as well as public service buildings including the Homestead Police Station and City Hall. Additionally, higher education is available. The property is made up of 3 Bedroom 1 bathroom unit currently rented at $2,100 and a 2 Bedroom 1 Bathroom unit rented at $1,800. The property has a flat concrete roof that was replaced in 2022 providing significant saving on insurance. The property is also individually metered for both water and electricity providing and leaving the landlord with very few expenses. Taking into account the new owners property taxes this property is being offered at an attractive cap rate north of 7.5%.
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • - New Roof in 2022
  • - Concrete roof
  • - Individually metered for water and electricity
  • - Excellent in-place income totaling $3,900

Contacts

broker
Sam Mekras

MSP Group

Location

Getting Around

  • Walk Score ®

    54/100 Somewhat Walkable

  • Transit Score ®

    43/100 Some Transit

  • Bike Score ®

    53/100 Bikeable
Powered by Walk Score ®
  • City Homestead, FL
  • Neighborhood Betty Lu Homesites - Roosevelt Homesites
  • Zip Code 33030
  • Market Miami

Points of Interest

  • Krome Xpress

    0.73 miles

  • 7-Eleven

    0.80 miles

  • Holiday Motel

    0.83 miles

  • Exxon

    0.88 miles

  • Mobil

    0.91 miles

  • Chevron

    1.08 miles

  • Tesla Supercharger

    1.10 miles

  • Electrify America

    1.15 miles

  • Shell

    1.20 miles

  • Valero

    1.24 miles

  • Southwest 344th Street Park and Ride

    1.26 miles

  • Southwest 296th Street Park and Ride

    2.95 miles

  • Lot B

    4.50 miles

  • Lot C

    4.50 miles

  • Lot A

    4.53 miles

  • Yellow Lot

    4.62 miles

  • Lot L

    4.64 miles

  • Lot D

    4.68 miles

  • South Blue Lot

    4.70 miles

  • Lot K

    4.80 miles

  • Park Motel

    0.71 miles

  • Anhinga Motel

    0.73 miles

  • Everglades Motel

    0.77 miles

  • Super 8

    0.81 miles

  • Landmark Hotel

    0.84 miles

  • Coral Roc Motel

    0.84 miles

  • Hotel Redland

    0.89 miles

  • Greenstone Motel

    0.89 miles

  • Budget Host Inn

    0.95 miles

  • Country Lodge Motel

    0.98 miles

  • Cafe Corralejo

    0.73 miles

  • Yardie Spice

    0.77 miles

  • Chefs On The Run

    0.83 miles

  • Casita Tejas Mexican Restaurant

    0.84 miles

  • Capri Restaurant

    0.91 miles

  • Waffle House

    0.91 miles

  • Texas Roadhouse

    0.92 miles

  • Dunkin'

    0.93 miles

  • Subway

    0.94 miles

  • Domino's

    0.94 miles

  • Lewis School

    0.31 miles

  • Laura C Saunders Elementary School

    0.34 miles

  • Happy Day School

    0.37 miles

  • West Homestead Elementary School

    0.44 miles

  • Selah Christian Academy

    0.47 miles

  • Dots Tots School

    0.48 miles

  • Aim High Learning Center

    0.52 miles

  • Le Jardin Head Start Number 3

    0.60 miles

  • Le Jardin Head Start Number 4

    0.61 miles

  • Florida City Head Start

    0.69 miles

  • Love the Little Children Day Care Center

    0.32 miles

  • Hudson Early Childhood Education Center

    0.65 miles

  • Smart Start of Homestead

    1.09 miles

  • Arc Project Thrive Number 4 Day Care Center

    1.20 miles

  • Rcma Centro Village Day Care Center

    1.90 miles

  • Eighth Street Day Care Center

    2.15 miles

  • Gonzalez Day Care Center

    2.87 miles

  • Kids R Us Day Care Center

    3.36 miles

  • Countryside Early Learning Center

    3.85 miles

  • Berkshire Infant Care

    3.95 miles

Frequently Asked Questions

How much does 516 SW 9th Ave cost?

The space currently listed for sale at 516 SW 9th Ave asks for $440,000.

What is the total square footage of 516 SW 9th Ave?

516 SW 9th Ave totals 1,250 square feet.

When was this property built?

516 SW 9th Ave was built in 1964.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker
broker
Sam Mekras

MSP Group