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MULTIFAMILY PRINCETON TOWNHOMES 24705 SW 129th Ave

15 Unit Apartment Building $9,703,800 CAD ($646,920 CAD/Unit) 5.11% Cap Rate Homestead, FL 33032

Investment Highlights

  • PRINCETON SUBMARKET
  • TOWNHOME, SPACIOUS ALL 3 BDRM
  • NEW CONSTRUCTION

Executive Summary

15 townhomes for sale. Multifamily built in 2022. occupancy is 94%. All units have 3 bedrooms and 2 baths. Amenities include terraces and private enclosed yards.
Property Type: Multifamily Townhomes
Number of Units: 15 townhomes
Year Built: 2022
Occupancy Rate:94%
Unit Configuration: All units have 3 bedrooms and 2.5 bathrooms.
Amenities: The property offers amenities such as terraces and private enclosed yards.

Attachments

PRINCETON OM

Data Room Click Here to Access

Financial Summary (Pro forma - 2024) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $9,703,800 CAD
Price Per Unit $646,920 CAD
Sale Type Investment
Cap Rate 5.11%
Sale Conditions Deferred Maintenance
No. Units 15
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Townhome
Building Class B
Lot Size 0.75 AC
Building Size 24,920 SF
Average Occupancy 100%
No. Stories 2
Year Built 2023
Parking Ratio 1.36/1,000 SF

Unit Amenities

  • Balcony
  • Cable Ready
  • Dishwasher
  • Crown Molding
  • High Speed Internet Access
  • Yard
  • Dining Room

Site Amenities

  • Controlled Access
  • Trash Pickup - Curbside

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+2.5 15 $4,025 CAD 1,450 - 1,600

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
30-6923-000-1142
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$4,824,729 CAD

zoning

Zoning Code R2 (Multifamily)
R2 (Multifamily)
  • Listing ID: 25371583

  • Date on Market: 2022-03-31

  • Last Updated:

  • Address: 24705 SW 129th Ave, Homestead, FL 33032

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