540 SW 6th Ter, Homestead, FL 33030

Rare Investment Opportunity in Thriving Homestead: 540 SW 6th Ter – A Multifamily Gem!

Unlock the potential of passive income and capitalize on the robust Homestead real estate market with this unique multifamily property located at 540 SW 6th Ter. Built in 1965, this 1-bedroom, 1-bathroom unit, with a total of 450 sq ft, offers an excellent entry point for investors or a perfect setup for owner-occupants looking to generate rental income.

Key Investment & Property Highlights:

• Multifamily Zoning: This property is zoned multifamily, opening up possibilities for additional units or maximizing rental income potential. While currently configured as a 1 bed/1 bath, the multifamily designation suggests inherent value for expansion (buyers should verify with local zoning ordinances for specific development potential).
• Affordable Entry Point: Priced at $300,000, with an estimated refinance payment of $2,384/month, this property offers a competitive price for a multifamily asset in a growing South Florida market.
• Built in 1965: Solid construction from an era known for durability.
• Compact & Efficient 450 Sq. Ft. Unit: Ideal for single tenants or couples, ensuring ease of maintenance and strong rental demand for smaller, affordable units.
• Established Neighborhood: Located in an area with convenient access to downtown Homestead, Krome Ave, and US1, providing excellent connectivity and appeal to tenants.
• Strong Rental Market in Homestead: Homestead is experiencing consistent demand for rental housing. Investing in multifamily properties here offers advantages like consistent passive income, potential for appreciation, and economies of scale in management.