1207 NE 1st Ave, Homestead, FL 33030
Local realty services provided by:Better Homes and Gardens Real Estate Destinations
Listed by: ricardo chen
Office: brown harris stevens305-666-1800
MLS#:A12108749
Source:SEFMLS
Price summary
- Price:$889,000
- Price per sq. ft.:$340.09
About this home
Investment opportunity in Homestead! This fourplex offers substantial income growth potential and a new roof completed with permits. An opportunity for investors seeking a multifamily asset with room to improve rental performance and build long-term value. With four income-producing units, the property offers multiple rental streams and significant future upside through strategic management and rent optimization.
Projected annual net operating income of nearly $85,000 assumes registration with the local housing authority and achievement of projected rents, subject to program approval, applicable inspections, and operating expenses. This figure represents potential future performance and is not current or guaranteed income. Buyers should independently verify existing rents, leases, expenses, program requirements, and financial projections during due diligence.
The recently completed permitted roof adds value while addressing a major building component. Whether expanding an existing portfolio or pursuing a multifamily investment with room for growth, this fourplex offers an opportunity to capitalize on its untapped rental potential.
Tenant occupied. Please do not disturb tenants or enter the property without a confirmed appointment. All showings are by appointment only....
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Home facts
- Year built:1990
- Subdivision & Development:DIAMOND PARK RE SUB
- Listing ID #:A12108749
- Updated:October 23, 2026 at 10:05 AM
Rooms and interior
- Flooring:Clay
- Living area:2,484 sq. ft.
Heating and cooling
- Cooling:Electric
- Heating:Central
Structure and exterior
- Roof:Shingle
- Year built:1990
- Building area:2,484 sq. ft.
- Architectural Style:Fourplex
- Construction Materials:Block
- Levels:1 Story
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$889,000
- Price per sq. ft.:$340.09
- Tax amount:$6,900 (2025)
Parking
- Total parking spaces:4
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