854 Krome Ave ,Other, Quadruplex, Krome Ave Addn for Sale

854 Krome Ave for Sale

Price $9,000,000.00

• Lot size 16728
• Year Build 1973
• Waterfront
• Zip 33030
• Style Other
• Parking Description
• Pool Yes
• Status Active

Description

ATTENTION INVESTORS / CONTRACTORS! 24 units, value-add opportunity: a Triple Net Lease shopping center with an impressive 8.3% Cap rate BEFORE any value-add! Perfect for owners & landlords. Krome Ave has become the vibrant commercial retail hub of Homestead, prime location bordering Florida City, offering lucrative prospects for discerning investors. Spanning an expansive 15,168 SFT of building space and situated on almost 1 acre (over 38,636 SFT) of land, its strategic positioning sets it apart, promising substantial returns for years to come. ALWAYS fully occupied, B-1 zoning allows for a diverse tenant mix. Rental rates currently below market value, endless opportunities! DO NOT DISTURB TENANTS! Financials are in the pics. Tenants pay taxes, insurance & maintenance!! #goldmine

Please use Showingtime. Call / text Steven with questions, 508-776-0608. Check financials in attachments. (24) units all of which not only they have always been occupied but of the (24) units, (8) are operated by 1 family, (4) by Guatemala Export and (6) more by only (2) other families. Meaning that (2/3) of total units are being operated by only (4) Business owners, in which they not only are old timers but they are Financially strong and have other branches.

KROME AVE ADD PB 6-174 LOTS 9-10 & LOT 1 BLK 4 ROYAL PALM ADD PB 2-67 LOT SIZE 148.600 X 260 OR 15678-0847 1092 3 COC 25089-1970 11 2006 1

3/4 To Less Than 1 Acre Lot, Other Lot Description

ATTENTION INVESTORS / CONTRACTORS! 24 units, value-add opportunity: a Triple Net Lease shopping center with an impressive 8.3% Cap rate BEFORE any value-add! Perfect for owners & landlords. Krome Ave has become the vibrant commercial retail hub of Homestead, prime location bordering Florida City, offering lucrative prospects for discerning investors. Spanning an expansive 15,168 SFT of building space and situated on almost 1 acre (over 38,636 SFT) of land, its strategic positioning sets it apart, promising substantial returns for years to come. ALWAYS fully occupied, B-1 zoning allows for a diverse tenant mix. Rental rates currently below market value, endless opportunities! DO NOT DISTURB TENANTS! Financials are in the pics. Tenants pay taxes, insurance & maintenance!! #goldmine

City:Homestead,Zoning:6300,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2023,Latitude:25.4781319,Cooling Y N:1,Heating Y N:1,List Price:9000000,Listing Id:A11562813,Longitude:-80.4779725,Mls Status:Active,Year Built:1973,Living Area:16728,Postal Code:33030,Street Name:Krome Ave,Coordinates:1:25.4781319,Lot Features:1:Other Lot Description,Photos Count:22,Building Name:KROME AVE ADDN,Days On Market:7,Listing Terms:1:Exchange,Lot Size Units:Square Feet,M I A M I R E_ Area:78,M L S Area Major:Krome Ave Addn,On Market Date:2024-04-11,Parcel Number:10-78-12-004-0060,Parking Total:43,Property Type:Residential Income,Stories Total:1,Street Number:854,M I A M I R E_ Style:Fourplex,Public Remarks:ATTENTION INVESTORS / CONTRACTORS! 24 units, value-add opportunity: a Triple Net Lease shopping center with an impressive 8.3% Cap rate BEFORE any value-add! Perfect for owners & landlords. Krome Ave has become the vibrant commercial retail hub of Homestead, prime location bordering Florida City, offering lucrative prospects for discerning investors. Spanning an expansive 15,168 SFT of building space and situated on almost 1 acre (over 38,636 SFT) of land, its strategic positioning sets it apart, promising substantial returns for years to come. ALWAYS fully occupied, B-1 zoning allows for a diverse tenant mix. Rental rates currently below market value, endless opportunities! DO NOT DISTURB TENANTS! Financials are in the pics. Tenants pay taxes, insurance & maintenance!! #goldmine,Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,List Office Name:Keller Williams Capital Realty,Private Remarks:Please use Showingtime. Call / text Steven with questions, 508-776-0608. Check financials in attachments. (24) units all of which not only they have always been occupied but of the (24) units, (8) are operated by 1 family, (4) by Guatemala Export and (6) more by only (2) other families. Meaning that (2/3) of total units are being operated by only (4) Business owners, in which they not only are old timers but they are Financially strong and have other branches.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:4407,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:N,Subdivision Name:KROME AVE ADDN,Tax Annual Amount:41713,Unparsed Address:854 N Krome Ave, Homestead FL 33030,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:16728,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:538.0201,Original List Price:9000000,Public Survey Range:78,Documents Available:1:Copy Of Lease(S),2:Other Available Information,I D X Participation Y N:1,Number Of Units Total:24,Syndication Remarks:ATTENTION INVESTORS / CONTRACTORS! 24 units, value-add opportunity: a Triple Net Lease shopping center with an impressive 8.3% Cap rate BEFORE any value-add! Perfect for owners & landlords. Krome Ave has become the vibrant commercial retail hub of Homestead, prime location bordering Florida City, offering lucrative prospects for discerning investors. Spanning an expansive 15,168 SFT of building space and situated on almost 1 acre (over 38,636 SFT) of land, its strategic positioning sets it apart, promising substantial returns for years to come. ALWAYS fully occupied, B-1 zoning allows for a diverse tenant mix. Rental rates currently below market value, endless opportunities! DO NOT DISTURB TENANTS! Financials are in the pics. Tenants pay taxes, insurance & maintenance!! #goldmine,Listing Contract Date:2024-04-11,Originating System I D:miamire,Public Survey Section:12,Showing Instructions:Call Listing Agent,See Broker Remarks,Showing Assist,Street Number Numeric:854,Tax Legal Description:KROME AVE ADD PB 6-174 LOTS 9-10 & LOT 1 BLK 4 ROYAL PALM ADD PB 2-67 LOT SIZE 148.600 X 260 OR 15678-0847 1092 3 COC 25089-1970 11 2006 1,Public Survey Township:78,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:0,M I A M I R E_ Adjusted Area S F:10780,M I A M I R E_ Internet Remarks:ATTENTION INVESTORS / CONTRACTORS! Value-add opportunity: a Triple Net Lease shopping center with an impressive 8.3% Cap rate BEFORE any value-add!,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2024-04-11,Internet Address Display Y N:1,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,Transaction Broker Compensation:$40000,Internet Entire Listing Display Y N:1,M I A M I R E_ Compensation Disclaimer:BBC: $40000, The offer of compensation is made only to participants of the MLS where the listing is filed.,Transaction Broker Compensation Type:$,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:538.02,Internet Automated Valuation Display Y N:1,