Closed

North Diamond Park, 1302 NE 1st Ave, Homestead, FL 33030

1,200,000(-31.67% )
3,344SqFt

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Details

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Status:
Sold - Dec 28, 2023
Size: 3,344 SqFt (311 m2)
Price: $245/SqFt ($2,639/m2)
Type: Multi Family
Built: 1972
MLS Number: A11469299
On Site: 664 Days
Updated: 588 Days ago
Page Views: 0
We're pleased to offer a great commercial real estate opportunity at 1302 ne 1 ave. This well maintained four-plex is fully occupied with month-to-month tenants and provides a total of 3,344 sf divided into four 2 bd, 1 ba. The property, sitting on an 8,088 sf lot with an adjacent lot of the same size with a total of 16,176 sf lot which offers room for expansion or development. The property is currently undergoing a routine 40-year recertification process for long-term compliance and stability. While it's a promising investment, some updates, particularly in the bathrooms and kitchens, could enhance its appeal and functionality. There's also potential for gradual rent increases. This is a unique opportunity to invest in commercial real estate in a prime location.
Features
Bedrooms
    Bathrooms
      Exterior and Lot Features
        Interior, Heating and Cooling
        • Heating Description: Electric
        • Cooling Description: Electric
        Building and Construction
        • Floor Description: CeramicTile
        • Year Built: 1972
        • Year Built Description: Resale
        • Style: Fourplex
        Waterfront and Water Access
        • Waterfront Frontage: No info
        School Information
          Other Property Info
          • Listing Date: 2023-10-20T16:04:55.000-00:00
          Taxes, Fees & More
          • Taxes: 7172

          Price History

          12/28/2023

          Date

          Sold

          Event

          $820K

          Price

          -31.67%

          Change Rate

          $245 ft2 / $2,639 m2

          Price Per

          10/20/2023

          Date

          Price Increased

          Event

          $1.2M

          Price

          60%

          Change Rate

          $359 ft2 / $3,863 m2

          Price Per

          10/13/2023

          Date

          Listed

          Event

          $750K

          Price

          $224 ft2 / $2,414 m2

          Price Per

          Price per square foot and days on website are not provided values and are calculated by Subdivisions.

          Listed by Giovanni VasquezSynergy Realty Advisors • Buyer Agency Compensation .

          Instant Comps

          $NaN/ft²

          Unit 1302 NE 1st Ave – Asking

          $245/ft²

          (0%) from Closed Avg. $/ft²

          Closed Avg. $/ft²

          $245/ft²
          Community $/Price Range (Closed) $NaN/ft² – $NaN/ft²
          UnitBed/BathSize SqFt$/SqFtExposureViewSoldClosed Date
          # 44/83,344$245$820,00012/14/2023
          Unit: # 4
          Bed/Bath: 4/8Size SqFt: 3,344$/SqFt: $245Sold: $820,000Closed Date: 12/14/2023
          THINKING OF SELLING IN North Diamond Park at Homestead?

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