1207 1st Ave ,Attached, Quadruplex, Diamond Park Re Sub for Sale

1207 1st Ave for Sale

Price $889,000.00

• Lot size 2614
• Year Build 1990
• Waterfront
• Zip 33030
• Style Attached
• Parking Description
• Pool Yes
• Status Active

Description

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.

DIAMOND PARK RE SUB PB 9-164 LOT 4 BLK 5 LOT SIZE 67.900 X 130 OR 14333-1489 1189 1

Less Than 1/4 Acre Lot

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.

City:Homestead,Zoning:5700,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2025,Latitude:25.4819254,Cooling Y N:1,Heating Y N:1,List Price:889000,Listing Id:A12108749,Longitude:-80.474569,Mls Status:Active,Year Built:1990,Living Area:2484,Postal Code:33030,Street Name:1st Ave,Coordinates:1:25.4819254,Photos Count:26,Building Name:DIAMOND PARK RE SUB,Listing Terms:1:Conventional,2:FHA,3:FHA 203K,Lot Size Units:Square Feet,M I A M I R E_ Area:79,M L S Area Major:Diamond Park Re Sub,On Market Date:2026-10-19,Parcel Number:10-79-07-029-0040,Parking Total:4,Property Type:Residential Income,Rent Includes:1:Water,Stories Total:1,Street Number:1207,M I A M I R E_ Style:Fourplex,Public Remarks: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.,Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,Expiration Date:2027-01-09,List Office Name:Brown Harris Stevens,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:4627,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:NE,Subdivision Name:DIAMOND PARK RE SUB,Tax Annual Amount:6900,Unparsed Address:1207 NE 1st Ave, Homestead FL 33030,Listing Agreement:Exclusive Right To Sell,Year Built Details:Effective Year Built,Building Area Total:2614,Building Area Units:Square Feet,Leasable Area Units:Square Feet,M I A M I R E_ Flood Zone:X,M I A M I R E_ L P Amt Sq Ft:357.8905,Original List Price:889000,Public Survey Range:79,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Syndication Remarks: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.,Listing Contract Date:2026-10-19,Originating System I D:miamire,Public Survey Section:7,Showing Instructions:Call Listing Agent,Street Number Numeric:1207,Tax Legal Description:DIAMOND PARK RE SUB PB 9-164 LOT 4 BLK 5 LOT SIZE 67.900 X 130 OR 14333-1489 1189 1,M I A M I R E_ Current Price:889000,Public Survey Township:79,M I A M I R E_ Municipal Code:10,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Adjusted Area S F:2492,M I A M I R E_ Internet Remarks:Homestead fourplex with a new permitted roof and strong rental upside. Great investment potential. Tenant occupied; showings by appointment only.,M I A M I R E_ Parcel Number M L X:0040,M I A M I R E_ Separate Meter Y N:1,M I A M I R E_ Showing Time Flag:1,M I A M I R E_ Street View Param:1$25.481936$-80.474542$327.66$13.33$1.00$VMz_xoQ_gYW-zjIvqooc5g,Contract Status Change Date:2026-10-19,Internet Address Display Y N:1,M I A M I R E_ Cable Available Y N:1,Number Of Units In Community:4,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Subdivision Number:29,M I A M I R E_ Agent Alternate Phone:786-205-8986,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:1207 NE 1st Ave,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:357.89,