506-522 NW 7th Avenue

The properties are conveniently located near US-1 and the Florida Turnpike, two of Miami-Dade County’s main north/south arteries. Nearby is Downtown Homestead which is enjoying large amounts of investments that include a new Police Station, City Hall, the reopening of the historic Seminole Theatre and the 65,000 SF Homestead Station that which includes a movie theatre, bowling alley, large arcade, multiple dinning and retail options. This expansion will continue to bring new amenities and create new employment opportunities in the immediate area not to mention the thousands of new construction home brought to South Dade in the last several years. The immediate area surrounding the property is also seeing a slew of development including single family homes, duplexes and large multifamily properties including the 180 units directly to south of the property.506-522 NW 7th Avenue are also close to the Miami-Dade County Busway that has been implementing the Bus Rapid Transit System connecting South Dade to the Metro Rail and beyond. It is also located near the bus pickup for Miami Dade’s buses that transport a significant number of employees from South Dade to the Florida Keys. 506-522 NW 7th Avenue are in an IRS Designated Opportunity Zone. These were created in the Tax Cuts and Jobs Act. The designated properties allow for preferential tax treatment to help spur investment in lower income communities.506-522 NW 7th Avenue is made up of three (3) adjacent duplexes made up off all expansive 3 bedroom, 2 bathroom units with central air conditioning, spacious kitchens, large living rooms and laundry hook-ups inside of each unit. Each units is individually metered for water and electricity. On the tenants water bill they pay for the trash directly to Florida City. This leaves the landlord with no utility expenses. Coupled with the low expenses the 6 units are currently 100% occupied with all rents at $2,350 which will provide the new owner with excellent cashflow day one. 506-522 NW 7th Avenue were constructed in 1983 of CBS with pitched shingle roofs. The construction in 1983 provides more modern electricity and plumbing including the use of PVC drain line eliminating the concern for expensive repairs to cast iron drain lines. The parking lots are constructed on concrete providing a lasting, low-maintenance surface for years to come.